BRIEF-Nagambie Resources Says Co And Alkane Sign Binding Term Sheet For Joint Venture

Reuters

01/30

Jan 30 (Reuters) - Alkane Resources ALK.AX:

CO AND ALKANE SIGN BINDING TERM SHEET FOR JOINT VENTURE
ALKANE TO SPEND A$27.5 MILLION TO EARN 80% INTEREST IN TENEMANTS
ALKANE TO SUBSCRIBE FOR A$2.5 MILLION OF NAG SHARES
CO RETAINS 100% OF WHROO MINES AND WANDEAN PROJECTS

Further company coverage: ALK.AX

((Reuters.Briefs@thomsonreuters.com;))

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