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BRIEF-Emerita enters into agreements to acquire the Salobro Zinc project in Brazil
July 14, 2017 / 1:29 PM / 2 months ago

BRIEF-Emerita enters into agreements to acquire the Salobro Zinc project in Brazil

July 14 (Reuters) - Emerita Resources Corp:

* Emerita enters into agreements to acquire the Salobro Zinc project in Brazil

* Emerita Resources Corp - ‍pursuant to definitive agreement, Emerita agrees to pay USD$6.5 million in cash to Vale​

* Emerita Resources Corp - ‍cash payments will be made by Emerita over seven 7 years​

* Emerita Resources - ‍entered definitive agreement with Vale S.A., IMS Engenharia Mineral Ltda under which co has agreed to acquire Salobro Zinc project​

* Emerita - co to initially own 75 percent of Purchaseco with exclusive right to acquire remaining 25 percent interest of Purchaseco from IMS at its sole option Source text for Eikon: Further company coverage:

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