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BRIEF-Dynacor Signs Letter Of Intent To Globally Expand Its Ore-Purchasing And Processing Business

Published 2019-06-11, 10:11 a/m
© Reuters.  BRIEF-Dynacor Signs Letter Of Intent To Globally Expand Its Ore-Purchasing And Processing Business
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June 11 (Reuters) - Dynacor Gold Mines Inc DNG.TO :

* DYNACOR SIGNS LETTER OF INTENT TO GLOBALLY EXPAND ITS ORE-PURCHASING AND PROCESSING BUSINESS

* DYNACOR GOLD MINES INC - NEW COMPANY WOULD START BY BUILDING AN UPGRADABLE ORE-PROCESSING PLANT IN SENEGAL

* DYNACOR GOLD MINES INC - DYNACOR IS TO OPERATE PLANT AND OWN MAJORITY OF COMPANY WITH 51% OWNERSHIP

* DYNACOR GOLD MINES INC - SETTING IN MOTION TO STRATEGICALLY EXPAND ITS BUSINESS GLOBALLY BY FORMING A JOINTLY-OWNED COMPANY TO OPERATE IN SENEGAL

* DYNACOR GOLD MINES INC - KN EQUIPMENTS INC. AND FONSIS WILL OWN BALANCE AT 25% AND 24% RESPECTIVELY.

* DYNACOR GOLD MINES INC - BUDGET TO BUILD 100-150 TPD PLANT IS APPROXIMATELY USD 10 MILLION

* DYNACOR GOLD MINES INC - SIGNED A LETTER OF INTENT WITH "KN EQUIPMENTS INC." AND "FONDS SOUVERAIN D'INVESTISSEMENTS STRATÉGIQUES" OF SÉNÉGAL

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