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BRIEF-Segue Resources and MMG Ltd says enter into Plumridge Nickel JV

Published 18/09/2015, 09:57 am
© Reuters.  BRIEF-Segue Resources and MMG Ltd says enter into Plumridge Nickel JV
AMD
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Sept 17 (Reuters) - Segue Resources Ltd SEG.AX :

* Segue and mmg limited enter into plumridge nickel jv SEG.AX

* Mmg also has the option to increase its interest to 70% by investing an

additional $7.5 million

* Mmg can earn a 51% interest in the project by investing $6.5 million in

exploration activity from September 2015 to December 2019

* Joint venture tenements will be maintained by mmg during the earn-in period

and mmg will manage all exploration activities

* Lt- joint venture agreement contains standard provisions, including

contributions in proportion to equity holdings, dilution and pre-emptive

rights

* Source text for Eikon ID:nASX50CZSy

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