PEK 4.55% 21.0¢ peak rare earths limited

News: PEK Peak Rare Earths Signs Term Sheet With Shenghe For A$96 Mln Investment For Ngualla

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    July 24 (Reuters) - Peak Rare Earths Ltd (PEK) :

    • SIGNED TERM SHEET WITH SHENGHE FOR A$96M INVESTMENT AND FULLY FUNDED PROJECT SOLUTION FOR NGUALLA
    • SHENGHE TO SUBSCRIBE FOR A 50% INTEREST IN NGUALLA GROUP UK LIMITED
    • IMPLIED PEAK VALUATION ON A POST-TRANSACTION BASIS OF A$0.36/SHARE

    (([email protected];))

 
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