Brief: Luminex Resources Announces Signing Of A Binding Earn-In Agreement With BHP
July 15 (Reuters) - Luminex Resources Corp LR.V :
* LUMINEX ANNOUNCES THE SIGNING OF A BINDING EARN-IN
AGREEMENT
WITH BHP
* LUMINEX RESOURCES CORP - BHP WILL PAY US$0.1 MILLION TO
LUMINEX
DUE UPON SIGNING EARN-IN AGREEMENT
* LUMINEX RESOURCES CORP - BHP WILL HAVE RIGHT TO EARN AN
ADDITIONAL 9% OWNERSHIP INTEREST IN JOINT VENTURE COMPANY
* LUMINEX RESOURCES CORP - BHP WILL PAY US$0.2 MILLION DUE
UPON
COMPLETION OF TRANSFER OF PROPERTY TO JOINT VENTURE COMPANY
* LUMINEX RESOURCES CORP - BHP WILL ALSO REIMBURSE EXPENSES
TOTALING APPROXIMATELY US$0.2 MILLION
Source text for Eikon: ID:nGNXmh94M
Further company coverage: LR.V
((Reuters.Briefs@thomsonreuters.com;))
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