Brief: Sandfire Resources acquires additional common shares of Tintina Resources

Sandfire Resources America

28/07/2017 15:49

July 28 (Reuters) - Sandfire Resources NL  SFR.AX : 
    * Sandfire Resources acquires additional common shares of 
Tintina Resources Inc. 
    * Says purchased common shares represent 16.9 percent of 
currently outstanding Tintina common shares 
    * Says purchased common shares will be held for investment 
purposes 
    * Co, through unit, has agreed to purchase 54.6 million 
common shares of Tintina Resources Inc 
    * To purchase the 54.6 million shares at a price per share 
of C$0.1305 for a total aggregate consideration of C$7.1 million 
    * If warrants exercised in full, co to have beneficial 
ownership over 81.5% of Tintina's then issued, outstanding 
common shares 
 
Source text for Eikon:  ID:nCCN6MnMQa  
Further company coverage:  SFR.AX  TAU.V  
 
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