East Africa Metals and Sino Union Energy Group agree on Harvest Project acquisition

East Africa Metals Inc. reached a binding letter of intent with Sino Union Energy Group Limited for Sino Union to acquire a 55% interest in the Harvest Project in Ethiopia for a cash payment of USD $500,000, with Sino Union funding development and operations.

“Sino Union will acquire 55% interest of the Harvest Project by making a cash payment of USD$500K, developing and operating the Terakimti Oxide Mine and funding 100% of TEHI's obligations related to the development and operation of the Harvest Project.”newswire.ca

• 1 source
• newswire.caEast Africa Metals and Sino Union Energy Group agree to move forward on Harvest Project acquisition and a $3,000,000 Private PlacementEast Africa Metals Inc.Feb 24, 2020

Summarized from public sources; check the original articles before acting on it.