15:51 Fri 26 Feb 2016
Galileo Resources - Extension of Agreement to sell interest in JV
For immediate release
("Galileo" or "the Company")
Extension of Agreement in Respect of Potential Sale of Interest in Joint Venture
Galileo (AIM: GLR), the exploration and development mining company, announces that it has agreed to a request from joint venture partner Fer‐ Min‐Ore Proprietary Limited ("Fer‐Min‐Ore"), to extend the completion of the conditional Sale Agreement until
The Offer remains subject to:
a. the Proposed Transaction being completed within six month of the granting of this extension commencing on the 29th
b. to the extent required, approval of the Proposed Transaction by relevant regulatory bodies, including, but not limited to, any approvals required from the
Further details of Glenover and its rare earth and phosphate project are available from the Company's website, as well as a copy of this announcement: www.galileoresources.com
ENDS
You can also follow Galileo on Twitter: @GalileoResource
For further information, please contact:
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Tel +44 (0) 20 7581 4477 |
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Tel +44 (0) 1752 221937 |
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Tel +44 (0) 20 7628 3396 |
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Tel +44 (0) 20 7382 8416 |
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