11th May 2015 12:55
LONDON (Alliance News) - Galileo Resources PLC Monday said it had agreed to a request from joint venture partner Fer-Min-Ore Proprietary Ltd for a three-month extension to their deal under which Galileo will sell its stake in the venture to its partner.
Galileo agreed in January to sell its rights, title, interest and shares in the capital of Glenover Phosphate Proprietary Ltd to Fer-Min-Ore for USD4 million. The completion deadline for the deal has now been extended until August 28.
Galileo Resources shares were up 2.9% at 1.77 pence Monday afternoon.
By Steve McGrath; [email protected]; @stevemcgrath1
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