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BRIEF-BMG Resources to divest a majority interest in its Cyprus copper and gold project

Published 04/01/2016, 08:54 am
Updated 04/01/2016, 09:00 am
© Reuters.  BRIEF-BMG Resources to divest a majority interest in its Cyprus copper and gold project
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Jan 4 (Reuters) - BMG Resources Ltd BMG.AX :

* Signed a binding term sheet to divest a majority interest in its Cyprus copper and gold project to UK based New Cyprus Copper Company Ltd

* Parties now have a period of 8 weeks to obtain any necessary asx and shareholder approvals

* Says New Cyprus will acquire an initial 70% interest in Treasure Development Limited (TDL)

* Source text for Eikon ID:nASX1vs5zx

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