SMR stanmore resources limited

News: SMR Stanmore Resources Says Acquisition Of Remaining 50% Interest In MetRes JV

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    Dec 22 (Reuters) - Stanmore Resources Ltd (SMR) :

    • ACQUISITION OF REMAINING 50% INTEREST IN METRES JV
    • STANMORE HAS ALSO AMENDED THE TERMS OF ITS FINANCE FACILITY WITH METRES TO INCREASE THE TOTAL FACILITY TO A$105 MILLION
    • ACQUISITION RESULTS IN METRES PTY LTD BECOMING PART OF STANMORE'S CONSOLIDATED GROUP
    • PARTIES ALSO ENTERED INTO A ROYALTY DEED PURSUANT TO WHICH ROYALTIES ON LIFE OF MINE COAL SALES WILL BE PAYABLE TO MARMILU
 
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