🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

BRIEF-Emerita enters into agreements to acquire the Salobro Zinc project in Brazil

Published 2017-07-14, 09:28 a/m
© Reuters.  BRIEF-Emerita enters into agreements to acquire the Salobro Zinc project in Brazil
EMO
-

July 14 (Reuters) - Emerita Resources Corp EMO.V :

* Emerita enters into agreements to acquire the Salobro Zinc project in Brazil

* Emerita Resources Corp - pursuant to definitive agreement, Emerita agrees to pay USD$6.5 million in cash to Vale

* Emerita Resources Corp - cash payments will be made by Emerita over seven 7 years

* Emerita Resources - entered definitive agreement with Vale S.A., IMS Engenharia Mineral Ltda under which co has agreed to acquire Salobro Zinc project

* Emerita - co to initially own 75 percent of Purchaseco with exclusive right to acquire remaining 25 percent interest of Purchaseco from IMS at its sole option Source text for Eikon: ID:nCCNHGjVMa Further company coverage: EMO.V

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.