Brief: De Grey Mining Enters Into Binding Letter Of Intent With Novo Resources Corp
July 1 (Reuters) - De Grey Mining Ltd DEG.AX :
* ENTERED INTO A BINDING LETTER OF INTENT WITH NOVO
RESOURCES CORP
* UNDER LOI, NOVO HAS RIGHT TO EXPLORE CO'S PROJECT FOR
GOLD-BEARING LAG GRAVEL DEPOSITS FOR INITIAL 3-YEAR PERIOD BY
PAYING $1 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nASXbg3xZX
Further company coverage: DEG.AX
((Reuters.Briefs@thomsonreuters.com;))
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