Oct 15 (Reuters) - Sovereign Metals Ltd SVM.AX :
* Strategic partnership with volinco for Chinese offtake SVM.AX
* Entered into a strategic offtake and development funding partnership with major Chinese corporation China volant industry co ltd
* Says volinco will assist Sovereign in securing development finance and engineering and construction commitments in China
* Parties are discussing a range of potential arrangements for the funding of sovereign's ongoing operations, including feasibility studies
* Says in addition, volinco may participate in further funding in relation to the company and the duwi project
* Agreed to offer volinco opportunity to provide funding by way of share placement of up to 20.7 million shares at price of $0.09 per share
Source text for Eikon ID:nASX5XntR8