IN BRIEF: Asiamet Resources extends due diligence period with Delta

Asiamet Resources Ltd - White Rock, Canada-based exploration and development company - Extends ...

Alliance News 28 January, 2022 | 9:14PM
Email Form Facebook Twitter LinkedIn RSS

Asiamet Resources Ltd - White Rock, Canada-based exploration and development company - Extends due diligence period under heads of agreement with PT Delta Dunia Makmur Tbk, which would see Delta contribute USD50 million towards the development of the BKM copper project, in return for a 51% stake in Asiamet subsidiary Indokal Ltd.

Initially, an exclusivity period of 90 days was given to allow Delta to complete its due diligence. During this time, Asiamet has started discussions with several banks in relation to project financing.

Current stock price: 2.46 pence

12-month change: up 14%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Asiamet Resources Ltd 0.75 GBX 7.14 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures