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BRIEF-Mantle Mining Corp secures major gold opportunity with agreement to acquire Morning Star Gold NL

Published 14/08/2015, 09:55 am
© Reuters.  BRIEF-Mantle Mining Corp secures major gold opportunity with agreement to acquire Morning Star Gold NL
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Aug 13 (Reuters) - Mantle Mining Corp Ltd MNM.AX :

* Reached agreement with deed administrators and secured creditor of Morning

Star Gold NL to acquire rights to 95% interest in MCO

* Says "consideration for the convertible note is a cash payment of $750,000"

* Under the transaction, Mantle will also have obligations to pay or procure

mco to pay a further $3.0 million in staged payments

* Secured creditor will also be granted a 1% gross sales royalty for the first

5 years of production"

* Source text for Eikon ID:nASX4Rrzwr

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