Dec 20 (Reuters) - Katanga Mining Ltd KAT.TO :
* KATANGA ENTERS INTO AGREEMENT TO ACQUIRE LAND RIGHTS FROM GÉCAMINES
* CO'S SUBSIDIARY KAMOTO COPPER COMPANY (KCC) ENTERED INTO AGREEMENT WITH GÉCAMINES TO ACQUIRE A COMPREHENSIVE LAND PACKAGE
* KCC WILL PAY UPTO $250 MILLION TO ACQUIRE LAND, TOTAL AMOUNT PAYABLE BEING DEPENDENT ON DELIVERY OF TITLE TO VARIOUS DIFFERENT LAND AREAS
* KCC EXPECTS TO SATISFY CONSIDERATION PAYMENTS FROM EXISTING LIQUIDITY
* AGREEMENT ANTICIPATES TITLE TRANSFERS TO BE EFFECTED DURING COURSE OF 2020
* DEAL PROVIDES FOR INITIAL PAYMENT $150 MILLION TO GÉCAMINES TO BE FULLY OFFSET AGAINST PURCHASE PRICE CONSIDERATION OR OTHER PAYMENT OBLIGATIONS