Brief: Minco Silver Enters Agreement To Buy Producing Gold Mine In China
13/09/2018 15:57
Sept 13 (Reuters) - Minco Silver Corp MSV.TO :
* MINCO SILVER ENTERS PRELIMINARY AGREEMENT TO ACQUIRE
PRODUCING
GOLD MINE IN CHINA
* MINCO SILVER CORP - ESTIMATED PURCHASE PRICE FOR 70%
EQUITY
INTEREST IN LONGXIN MINING UNDER PRELIMINARY AGREEMENT IS A
RANGE OF 147-168 MILLION REMNIMBI
* MINCO SILVER - IF CO DECIDES TO PROCEED WITH DEAL, LOAN
WILL BE
CONVERTED INTO EQUITY IN LONGXIN MINING
* MINCO SILVER - MINCO CHINA ENTERED LOAN AGREEMENT WITH
LONGXIN
MINING ; MINCO CHINA PROVIDED SHAREHOLDERS WITH CONVERTIBLE LOAN
OF 74.8 MILLION REMINBI
Source text for Eikon: ID:nCNWjp3V3a
Further company coverage: MSV.TO
((Reuters.Briefs@thomsonreuters.com;))
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