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BRIEF-Luminex Signs $82 Mln Non-Binding LOI With BHP

Published 2019-03-19, 07:43 a/m
Updated 2019-03-19, 07:50 a/m
BRIEF-Luminex Signs $82 Mln Non-Binding LOI With BHP

March 19 (Reuters) - Luminex Resources Corp LR.V :

* LUMINEX BRINGS IN THIRD WORLD CLASS VENTURE PARTNER, SIGNS US$82M NON-BINDING LOI WITH BHP

* LUMINEX RESOURCES - ENTERED NON-BINDING LOI FOR EARN-IN & JV WITH UNIT OF BHP GROUP PLC ON CO'S TARQUI 1 & 2 MINING CONCESSIONS IN ECUADOR

* LUMINEX RESOURCES - BHP TO HAVE RIGHT TO EARN UPTO 70% OWNERSHIP INTEREST IN PROPERTY BY INVESTING US$75 MILLION & MAKING US$7 MILLION OF CASH PAYMENTS TO CO

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