BRIEF-CRH and Para Resources enter into a financing agreement for up to $18 Mln

Thu Oct 6, 2016 2:28pm EDT
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Oct 6 (Reuters) - Para Resources Inc

* Says Cartesian Royalty Holdings Pte. Ltd. and Para Resources Inc. enter into a financing agreement for up to US$18 million

* Financing to fund acquisition, development and/or expansion of select gold projects on which CRH and Para mutually agree

* Says CRH will have right to appoint a non-executive director to Para's board of directors

* First tranche of US$2 million to consist of US$1.0 million secured streaming investment and US$ 1 million equity investment in Para Source text for Eikon: Further company coverage: