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BRIEF-Leigh Creek Energy Signs Binding Term Sheet With China New Energy

Published 20/04/2020, 11:29 am
© Reuters.
NRZ
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April 20 (Reuters) - Leigh Creek Energy Ltd LCK.AX :

* CO & CHINA NEW ENERGY SIGN BINDING TERM SHEET FOR PROPOSED JV FOR IN- SITU GASIFICATION OPERATIONS IN CHINA

* JV WILL PROVIDE LCK WITH EARLY ACCESS TO FUNDING WITHOUT NEED FOR ADDITIONAL OUTLAYS

* INTENDED AGREEMENT WILL BE REPLICABLE ACROSS MULTIPLE ISG PROJECTS IN MAINLAND CHINA

* DIFFICULT FOR CO TO PREDICT WHEN STAFF WILL BE ALLOWED TO RETURN TO AUSTRALIA FROM CHINA DUE TO COVID 19 Source: https:// Further company coverage: LCK.AX

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