Anglo Pacific Groupplcsignsa Memorandumof Understandingwith Horizonte Mineralsplcforanoptiontoacquirearoyaltyont

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Anglo Pacific Groupplcsignsa Memorandumof Understandingwith Horizonte Mineralsplcforanoptiontoacquirearoyaltyont

//business-finance.news-articles.net/content/201 .. -mineralsplcforanoptiontoacquirearoyaltyont.html

Published in Business and Finance on Tuesday, July 27th 2010 at 8:50 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

 - Maturity date - six years from the date of signature of legally binding documentation. - Call terms - can be exercised by Anglo Pacific following notice given by Horizonte upon delivery of a JORC or NI 43-101 compliant pre-feasibility study on the Araguaia Project that confirms the project's economic viability. - Exercise period - the earlier of 120 days from receipt of the pre- feasibility study, or the maturity date. - Exercise payment - US$13 million from Anglo Pacific to Horizonte, less the US$500,000 as noted above.

 Important notice ----------------