PNR pantoro gold limited
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News: PNR Pantoro Ltd says unit entered into option agreement

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    14/03/16
    17:48
    Post #: 17271229

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

    • PNG subsidiary company, Pacific Niugini Minerals (PNG) Limited (PNM) has entered into an option agreement
    • Says PNM may elect to purchase 100% of the tenement during the option period for a sum of A$1 million
    • Under the terms, PNM will pay an option fee of A$25,000 per annum for the term of the option which is up to four years
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