Asiamet Resources Limited enters a non-binding HoA with PT Wasesa Indo Nusa

1 min read | October 08, 2020 04:33 AM PDT | By Team Kalkine Media

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Asiamet Resources Limited (LON:ARS) has entered into a non-binding HoA (Heads of Agreement) with an Indonesia based private company, PT Wasesa Indo Nusa.

The HoA is to buy Asiamet's fully owned affiliate Indokal Limited, which possess the Contract of Work for the Kalimantan Surya Kencana. It also comprises the BKM Copper Project, situated in Central Kalimantan, Indonesia.
The company has further announced that PT Wasesa Indo Nusa, as per the HoA would also take hold of the commodities trading business of Aeturnum Energy International PTE Limited.
ARS shares on 8 October 2020, at GMT 10:18 AM, were trading at GBX 3.75, up by 1.25 points or 50.00% against the previous day’s closing price.

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