TSL titanium sands limited
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News: TSL Titanium Sands Entered Agreement To Acquire Tenure Adjacent To Its Mannar Island Project

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    15/07/19
    11:30
    Post #: 39521767

    July 15 (Reuters) - Titanium Sands Ltd (TSL) :

    • ENTERED INTO A CONDITIONAL SALE AGREEMENT TO ACQUIRE TENURE ADJACENT TO ITS MANNAR ISLAND PROJECT
    • CONSIDERATION TO BRIGHT ANGEL VIA ISSUE OF 417.5 MILLION FULLY PAID ORDINARY SHARES OF CO, ISSUE OF 208.8 MILLION UNLISTED OPTIONS OF CO
    • CO TO ALSO ASSUME 5% NET PROCEEDS ROYALTY PAYABLE TO VENDOR ON MINERALS SOLD FROM ACQUISITION TENURE
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