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6 months ago
BRIEF-Bacanora announces acquisition of 50 pct interest in strategic german lithium asset
February 21, 2017 / 2:50 PM / 6 months ago

BRIEF-Bacanora announces acquisition of 50 pct interest in strategic german lithium asset

Feb 21 (Reuters) - Bacanora Minerals Ltd -

* Bacanora announces acquisition of 50 pct interest in strategic german lithium asset

* Entered into definitive agreement to acquire 50 pct interest in zinnwald lithium project in Southern Saxony, Germany from SolarWorld Ag

* Bacanorra will earn 50% of project in return for a cash consideration of Euro 5 million

* Option to acquire outstanding 50% held by SolarWorld within a 24 month period for Eur30 million Source text for Eikon: Further company coverage:

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