News: PNR Pantoro Ltd Acquires A 50% Share In Central Norseman Project

May 14 (Reuters) - Pantoro Ltd (PNR) :

• ACQUIRES A 50% SHARE IN CENTRAL NORSEMAN PROJECT
• PANTORO WILL FORM AN UNINCORPORATED JOINT VENTURE (UJV) WITH CENTRAL NORSEMAN GOLD CORPORATION PTY LTD AND ITS SUBSIDIARY
• DEAL FOR PURCHASE CONSIDERATION A$10 MILLION IN CASH
• PANTORO, UPON SIGNING OF AGREEMENT, WILL IMMEDIATELY TAKE MANAGEMENT CONTROL OF CNGP
• TRANSACTION WILL BE FUNDED VIA AN A$43 MILLION FULLY UNDERWRITTEN PLACEMENT, AMONG OTHER THINGS
• DEAL PURCHASE CONSIDERATION ALSO INCLUDES A$20 MILLION EQUIVALENT IN PANTORO COMMON SHARES

Source text : http://bit.ly/2LEo8JC

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