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BRIEF-Euro Ressources To Acquire West-African Silver Stream From Orezone Gold

Published 2021-03-01, 08:48 a/m
Updated 2021-03-01, 08:54 a/m
© Reuters.

March 1 (Reuters) - EURO RESSOURCES SA EURR.PA :

* EURO RESSOURCES INVESTS US$7.15M TO ACQUIRE SILVER STREAM ON OREZONE GOLD'S BOMBORE PROJECT

* ACQUISITION OF SILVER STREAM IS EXPECTED TO CLOSE IN Q2 OF 2021 ("STREAM CLOSING")

* EURO INTENDS TO FUND US$7,150,000 INVESTMENT THROUGH CURRENT CASH ON HAND

* SILVER STREAM ENTITLES EURO TO RECEIVE 50% OF PAYABLE SILVER PRODUCTION OVER LIFE OF MINE

* ACQUIRE 50% OF PAYABLE SILVER PRODUCTION ( "SILVER STREAM") ON OREZONE'S BOMBORÉ PROJECT ("BOMBORÉ"), LOCATED IN BURKINA FASO, WEST AFRICA

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