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Provider : Reuters Investment Profile
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Elcora Resources Corp Signs LOI To Acquire Prospective Graphite Properties In Sri Lanka


Tuesday, 5 Nov 2013 04:03pm EST 

Elcora Resources Corp. announced that the Company has signed a binding letter of intent ("LOI") to acquire all of the issued and outstanding common shares of Graphene Corp. (PvT) Ltd., a Sri Lankan company ("Graphene"). Graphene is the owner of exploration application licenses for 100 metric grid units located in Sri Lanka covering approximately 100 square kilometers (the "Graphite Claims"). The acquisition of the Graphene common shares does not involve a Non Arms Length Party. 

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