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    Mindoro Resources Announces Agreement

    Investing News Network
    Jul. 06, 2012 01:37PM PST
    Base Metals Investing

    Mindoro Resources Ltd (TSXV:MIO,ASX:MDO,FWB:OLM) announced it has signed a Heads of Agreement with TVI Pacific Inc. (TSX:TVI).

    Mindoro Resources Ltd (TSXV:MIO,ASX:MDO,FWB:OLM) announced it has signed a Heads of Agreement with TVI Pacific Inc. (TSX:TVI).

    As quoted in the press release:

    [The agreement is] for a strategicprivate placement of C$3.155 million in Mindoro as well as proposed joint ventures to fund the Agata Nickel Project to Direct Shipping Ore (DSO) production and complete a nickel processing project Definitive Feasibility Study (DFS). TVI will also have the option to form a joint venture over the Pan de Azucar sulphide project within 12 months.

    Click here to read the Mindoro Resources Ltd (TSXV:MIO) press release.  

    joint venturesasx:mdoprivate placementjoint venturetsxv:miotsx:tvi
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