Brief: CRH and Para Resources enter into a financing agreement for up to $18 Mln

Soma Gold

06/10/2016 19:18

Oct 6 (Reuters) - Para Resources Inc  PBR.V  
    * Says Cartesian Royalty Holdings Pte. Ltd. and Para 
Resources Inc. enter into a financing agreement for up to US$18 
million 
    * Financing to fund acquisition, development and/or 
expansion of select gold projects on which CRH and Para mutually 
agree 
    * Says CRH will have right to appoint a non-executive 
director to Para's board of directors 
    * First tranche of US$2 million to consist of US$1.0 million 
secured streaming investment and US$ 1 million equity investment 
in Para 
 
Source text for Eikon:  ID:nCCN5r2B71  
Further company coverage:  PBR.V  
 
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