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BRIEF-Athena Resources announces share placement

Published 11/01/2016, 09:15 am
Updated 11/01/2016, 09:20 am
© Reuters.  BRIEF-Athena Resources announces share placement

Jan 11 (Reuters) - Athena Resources Ltd AHN.AX :

* Placement and conditional sale byro project AHN.AX

* Has entered into a binding term sheet with Brilliant Glory Industrial Corporation Limited

* Agreed to give bg the right (but not the obligation) to purchase the byro project in consideration for the payment of $20 million

* Bg will subscribe for $1 million worth of Athena shares

* Source text for Eikon ID:nASX7hmgYX


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