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BRIEF-Para announces it has entered into a memorandum of understanding with the Miscon Group

Published 2017-01-26, 06:35 a/m
© Reuters.  BRIEF-Para announces it has entered into a memorandum of understanding with the Miscon Group
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Jan 26 (Reuters) - Para Resources Inc PBR.V

* Para announces it has entered into a memorandum of understanding with the Miscon Group to earn up to 75% of the finaris mine and Lomas de Casma processing plant in Peru

* Says Para may earn an additional 25% interest in assets upon achievement of mutually agreed production goals

* Para Resources-If Para earns 75% interest in assets, Miscon will have option to sell remaining 25% ownership in assets to Para Source text for Eikon: ID:nMKWT48sta Further company coverage: PBR.V

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