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News: MOD MOD Resources To Acquire MTR's 30 Pct Stake In T3 Project

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    July 18 (Reuters) - MOD Resources Ltd (MOD) :

    • BINDING AGREEMENTS WITH MTR TO ACQUIRE MTR'S 30% STAKE IN T3 PROJECT
    • TOTAL CONSIDERATION FOR TRANSACTION EQUATES TO ABOUT A$26.6 MILLION
    • DEAL 14 PERCENT ACCRETIVE FOR MOD SHAREHOLDERS IN TERMS OF PER SHARE OWNERSHIP OF T3 PROJECT
    • AT COMPLETION OF DEAL, MOD WILL OWN 100 PERCENT OF T3 PROJECT
 
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