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BRIEF-Bass Metals signs sale agreement with Stratmin Global Resources to acquire mine in Madagascar

Published 07/07/2016, 09:34 am
Updated 07/07/2016, 09:40 am
© Reuters.  BRIEF-Bass Metals signs sale agreement with Stratmin Global Resources to acquire mine in Madagascar
GW1
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July 7 (Reuters) - Bass Metals Ltd BSM.AX :

* Mine acquisition and capital raising for Bass Metals BSM.AX

* Says signed a formal sale agreement with stratmin global resources plc

* Says funds raised will be used to immediately improve existing production and

commence expansion studies at graphmada

* Will also undertake a 1-for-1 non-renounceable rights issue to raise up to

A$5.5 million for deal

* Says agreement to acquire 100% of the operating graphmada large flake

graphite mine in Madagascar

* Source text for Eikon ID:nASX94TSZR

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