Nov 7 (Reuters) - MRG Metals Ltd (MRQ) :
- MRG TO ACQUIRE MOZAMBIQUE HEAVY MINERAL SANDS PROJECT
- VENDORS HAVE AGREED TO AN INITIAL 12-MONTHS ESCROW ON MRG SECURITIES
- EXISTING LEGAL PROCEEDING TO BE DISMISSED BY MUTUAL AGREEMENT
- REACHED AGREEMENT ON REVISED TERMS, TO ACQUIRE SOFALA RESOURCES PTY LTD AND TROPHOSYS PTY LTD
- TO PAY UPFRONT CONSIDERATION TO ACQUIRE TROPHOSYS/SOFALA/SOFALA MOZAMBIQUE, WHICH REDUCED TO 90 MILLION SHARES AND 90 MILLION OPTIONS
- MILESTONE PAYMENTS HAVE REDUCED TO 160 MILLION SHARES AND 320 MILLION SHARES
- AGREED TO PAY SOFALA MOZAMBIQUE TAX LIABILITIES SHOULD THEY BE IMPOSED BY MOZAMBIQUE GOVERNMENT
