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Eurasia agreement with Metallurg Complect

By BFN News | 07:44 AM | Monday 16 November, 2015


Eurasia Mining has signed a heads of terms agreement with OOO Metallurg Complect, a Russian minerals company, giving the company the exclusive right to negotiate to acquire up to 67% in a gold tailings opportunity, the Semenovsky tailings project (STP). Any acquisition will be contingent on the completion of successful due diligence on the project and the execution of an acquisition agreement, the terms of which are not yet agreed. At this stage there can be no guarantee that any transaction will proceed. Eurasia has also confirmed that it has simultaneously executed a 3 month option agreement with Metal Tiger plc whereby Metal Tiger can participate in the STP in line with the collaboration agreement signed 29 December 2014, in which MTR has the opportunity to participate equally in new projects identified by Eurasia. Story provided by StockMarketWire.com

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