BRIEF-Basanite Signs Term Sheet With Eastman Minerals For Proposed $2 Million Investment In Somaliland Gold Processing Project

BASANITE INC

BASANITE INC

BASA

0.00

June 30 (Reuters) - Basanite Inc BASA.PK:

  • SIGNS TERM SHEET WITH EASTMAN MINERALS FOR PROPOSED $2 MILLION INVESTMENT IN SOMALILAND GOLD PROCESSING PROJECT

  • TO HOLD 40% OWNERSHIP INTEREST IN PLANT 1; EASTMAN MINERALS TO RETAIN 60% AND TO MAINTAIN OPERATIONAL CONTROL OF PROJECT

Source text: ID:nPnx2zZna

Further company coverage: BASA.PK


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