BRIEF-Eastsiberian plc announces MoU for proposed sale transaction

Fri Sep 2, 2016 5:35pm EDT
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Sept 2 (Reuters) - Eastsiberian Plc

* Eastsiberian plc announces memorandum of understanding for proposed sale transaction and reports financial results for the year ended may 31, 2016

* To sell assets of Eastsiberian in respect of its Nicaraguan opportunity to a private arm's length third party company

* Price of assets is equal to $3 million

* As consideration for execution by purchaser of MoU, co agreed to immediately assign to purchaser its interests in cooperation agreement Source text for Eikon: Further company coverage: