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BRIEF-GBM Resources Enters Into Non Binding Ore Purchase Term Sheet With Minjar's Pajingo Gold Mine

Published 19/12/2017, 09:39 am
BRIEF-GBM Resources Enters Into Non Binding Ore Purchase Term Sheet With Minjar's Pajingo Gold Mine
GBZ
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Dec 19 (Reuters) - Gbm Resources Ltd GBZ.AX :

* ENTERS INTO NON BINDING ORE PURCHASE TERM SHEET WITH MINJAR'S PAJINGO GOLD MINE

* CO TO SELL ITS MT COOLON HIGH GRADE GLEN EVA AND KOALA RESOURCES OVER A 2.5 YEAR PERIOD.

* NET PROCEEDS FROM GOLD SALES WILL BE ALLOCATED 50:50 TO PARTIES

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