Asset Acquisitions and Disposals::TERM SHEET_THE PROPOSED ACQUISITION OF COEUR GOLD ARMENIA LTD
Issuer & Securities
DRAGON GROUP INTL LIMITED
DRAGON GROUP INTL LIMITED - SG2C50963991 - MT1
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
TERM SHEET_THE PROPOSED ACQUISITION OF COEUR GOLD ARMENIA LTD
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
EXECUTIVE CHAIRMAN & CEO
Description (Please provide a detailed description of the event in the box below)
The board of directors of Dragon Group International Limited wishes to announce that the Company has on 19 October 2017 entered into a non-binding term sheet with George Howard Richmond, in relation to the proposed acquisition by the Company of the entire issued and paid-up share capital of Coeur Gold Armenia Ltd held by the Vendor, free from all encumbrances and with all rights attaching thereto as at the date of the completion of the Proposed Acquisition. The Term Sheet is subject to the entry into definitive agreements between the Company and the Vendor in relation to the Proposed Acquisition.
The Term Sheet is not intended to be legally binding between the Parties, except for certain provisions relating to, inter alia, exclusivity and governing law.
Total size =356K