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BRIEF-Iberian Minerals announces arrangement agreement to approve spin-out of x-leach reagent technology

Published 2017-01-25, 09:01 a/m
© Reuters.  BRIEF-Iberian Minerals announces arrangement agreement to approve spin-out of x-leach reagent technology
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Jan 25 (Reuters) - Iberian Minerals Ltd IML.V

* Iberian Minerals announces arrangement agreement, special meeting to approve the spin-out of x-leach reagent technology, and interim order for plan of arrangement

* Iberian Minerals - Iberian will carry out previously announced spin-out of its x-leach reagent technology to EnviroLeach Technologies Inc

* Iberian Minerals Ltd - under terms of agreement Iberian shall transfer technology to EnviroLeach in exchange for 28 million common shares of enviroleach

* Iberian Minerals - under agreement shall transfer technology to EnviroLeach also in exchange for promissory note of $1.6 million by EnviroLeach in favour of co Source text for Eikon: ID:nMKW8BkWva Further company coverage: IML.V

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