MYL 0.00% 7.0¢ myanmar metals limited

News: MYL Myanmar Metals Announces Binding Agreement With Perilya For 19.9% Shareholding In Co

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    May 25 (Reuters) - Myanmar Metals Ltd (MYL) :

    • BINDING AGREEMENT WITH PERILYA FOR A CORNERSTONE INVESTMENT OF UP TO A$14.9 MILLION AT A$0.06 PER SHARE FOR 19.9% SHAREHOLDING
    • RECEIVED BINDING COMMITMENT FROM MARK CREASY (YANDAL) TO INVEST ADDITIONAL A$4.2 MILLION TO HOLD A 12.6% SHAREHOLDING
    • NON-BINDING LETTER OF SUPPORT FOR UP TO US$150 MILLION FOR FUTURE CONSTRUCTION OF BAWDWIN PROJECT RECEIVED FROM PERILYA
 
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