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BRIEF-Arc Exploration Executes Binding Heads Of Agreement To Buy Cyprium Australia

Published 27/03/2019, 09:38 am
© Reuters.  BRIEF-Arc Exploration Executes Binding Heads Of Agreement To Buy Cyprium Australia
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March 27 (Reuters) - Arc Exploration Ltd ARX.AX :

* EXECUTED A BINDING HEADS OF AGREEMENT TO ACQUIRE 100% OF ISSUED CAPITAL OF CYPRIUM AUSTRALIA PTY LTD

* CYPRIUM HAS AN OPTION TO EARN-IN AND JOINT VENTURE FOR AN 80% INTEREST IN CUE COPPER PROJECT FROM MUSGRAVE MINERALS

* CONSIDERATION FOR CYPRIUM IS, IN AGGREGATE 5.8 MILLION FULLY PAID ORDINARY SHARES IN ARX WITH AN ISSUE PRICE OF $0.20/SHARE

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