March 12 (Reuters) - Berkut Minerals Ltd (BMT) :
- PETER BOWLER WILL BE APPOINTED AS NON-EXECUTIVE CHAIRMAN AND ROB WATKINS APPOINTED AS MANAGING DIRECTOR
- COMMITMENTS RECEIVED TO RAISE $1.6M THROUGH AN EQUITY PLACEMENT OF 20.5M SHARES AT 7.8 CENTS
- CURRENT MANAGING DIRECTOR, NEIL INWOOD & CHAIRMAN JUSTIN TREMAIN WILL REMAIN AS NON-EXECUTIVE DIRECTORS
- ENTERED BINDING HEADS OF AGREEMENTS WITH SYNDICATED METALS, SUPERIOR RESOURCES, DIATREME RESOURCES AND CARNABY RESOURCES TO BUY MINES
- TOTAL CONSIDERATION FOR ACQUISITION WILL BE 21.1M SHARES TO VENDORS
Source text (http//bit.ly/2J3bbrl)
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