Oct 20 (Reuters) - Alternative Earth Resources Inc AER.V :
* Announces agreement to acquire black sea copper & gold corp., and related
private placement
* Intended that LOI will be replaced by a definitive and binding security
exchange agreement by the end of November, 2015
* Intended that LOI will be replaced by a definitive and binding security
exchange agreement by the end of November, 2015
* Says after completion of acquisition and financing, aer will have about 66 m
shares outstanding (87 m fully diluted)
* Says aer expects to complete up to a 2:1 share consolidation following
completion of the acquisition
* Aer will acquire all of shares of bscg in exchange for issuance of about 33
million common shares in capital of aer
* Says aer will be reconstituted to consist of four directors, with two
nominees from each of aer and bscg
* Source text for Eikon ID:nNrm3xdBzl
* Further company coverage AER.V