BRIEF-Comstock announces proposed acquisition of select Sands' Gold Assets

Mon May 16, 2016 8:42am EDT
 
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May 16 (Reuters) - Comstock Metals Ltd

* Under terms of letter of intent Comstock would acquire assets for 20 million post-consolidation common shares

* Believe that this acquisition will be accretive to Comstock

* Announces proposed acquisition of select sands' gold assets Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)