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BRIEF-Black Mountain Resources signs agreement with African Phosphate

Published 05/02/2016, 04:09 pm
Updated 05/02/2016, 04:10 pm
© Reuters.  BRIEF-Black Mountain Resources signs agreement with African Phosphate
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Feb 5 (Reuters) - Black Mountain Resources Ltd BMZ.AX :

* Agreement to acquire producing mine and phosphate project BMZ.AX

* Says agreement with African phosphate to acquire producing mine and major phosphate project

* 400 million shares at completion of the transaction (consideration shares) payable to the vendors financiers and advisors

* Says company to raise up to a further A$2.5 million for investment in the mining operation and exploration ground

* Says co is proposing to increase mine production through additional new capital investment in mining fleet,in mine planning

* Source text for Eikon ID:nASX8Rz017

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