September 28, 2017 / 9:01 AM / 3 months ago

BRIEF-Pilbara Minerals ‍executes terms sheet with Great Wall Motor

Sept 28 (Reuters) - Pilbara Minerals Ltd:

* ‍Executed binding terms sheet with Great Wall Motor Company

* Terms sheet to further underpin stage 2 expansion of its 100%-owned Pilgangoora Lithium- Tantalum project in Western Australia

* Subscription agreement also executed with Great Wall for an upfront A$28m equity investment in Pilbara Minerals

* Under deal, Great Wall has ability to secure further off-take by providing co with US$50 million debt financing for expansion Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below