Loncor Resources is pleased to announce that it has entered into a binding term sheet with Resolute Mining whereby Resolute will acquire a total of 51,000,000 common shares of Loncor. As part of the series of transactions contemplated by the term sheet , the Company will issue 26,000,000 common shares to Resolute at a price of Cdn$0.10 per share for gross proceeds of Cdn$2,600,000, Resolute will purchase 25,000,000 common
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