January 25, 2017 / 2:02 PM / 9 months ago

BRIEF-Iberian Minerals announces arrangement agreement to approve spin-out of x-leach reagent technology

Jan 25 (Reuters) - Iberian Minerals Ltd

* Iberian Minerals announces arrangement agreement, special meeting to approve the spin-out of x-leach reagent technology, and interim order for plan of arrangement

* Iberian Minerals - Iberian will carry out previously announced spin-out of its x-leach reagent technology to EnviroLeach Technologies Inc

* Iberian Minerals Ltd - under terms of agreement Iberian shall transfer technology to EnviroLeach in exchange for 28 million common shares of enviroleach

* Iberian Minerals - under agreement shall transfer technology to EnviroLeach also in exchange for promissory note of $1.6 million by EnviroLeach in favour of co Source text for Eikon: Further company coverage:

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