Brief: European Electric Metals To Acquire Cobalt-Rich Nickel-Iron Mine

Canadian Goldfields Discovery

11/10/2018 13:20

Oct 11 (Reuters) - European Electric Metals Inc  EVX.V :
    * EUROPEAN ELECTRIC METALS TO ACQUIRE COBALT-RICH
NICKEL-IRON MINE
    * EUROPEAN ELECTRIC METALS INC - ENTERED INTO AN AGREEMENT
TO
ACQUIRE 100% OF ISSUED AND OUTSTANDING SHARES OF GEROLD SH.PK.
    * EUROPEAN ELECTRIC METALS INC -  UNDER TERMS OF AGREEMENT,
CO
WILL ACQUIRE GEROLD FOR TOTAL CONSIDERATION OF EUR 5.41 MILLION
OVER THREE YEARS
    * EUROPEAN ELECTRIC METALS INC -  WILL PURCHASE 100% OF
QUOTAS OF
GEROLD FOR EUR 3.03 MILLION
    * EUROPEAN ELECTRIC METALS INC -  WILL PURCHASE A LOAN OF
EUR 2.38
MILLION DUE FROM GEROLD BY PAYING EUR 2.17 MILLION AND BY
ISSUING EUR 210,000 IN CO'S SHARES

Source text for Eikon:  ID:nGNX8Jy6SC 
Further company coverage:  EVX.V 

 ((Reuters.Briefs@thomsonreuters.com;))