March 27 (Reuters) - Arc Exploration Ltd (ARX) :
- EXECUTED A BINDING HEADS OF AGREEMENT TO ACQUIRE 100% OF ISSUED CAPITAL OF CYPRIUM AUSTRALIA PTY LTD
- CYPRIUM HAS AN OPTION TO EARN-IN AND JOINT VENTURE FOR AN 80% INTEREST IN CUE COPPER PROJECT FROM MUSGRAVE MINERALS
- CONSIDERATION FOR CYPRIUM IS, IN AGGREGATE 5.8 MILLION FULLY PAID ORDINARY SHARES IN ARX WITH AN ISSUE PRICE OF $0.20/SHARE
Source text: http://bit.ly/2OuT4d1
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