LONDON: Europa Metals Ltd has signed a conditional term sheet regarding the proposed acquisition of Viridian Metals Ireland Limited and its 100 % owned Tynagh brownfield Pb/Zn/Cu/Ag project in the Republic of Ireland.

The proposed transaction, if completed, would constitute a reverse takeover under the AIM Rules and accordingly the company would need to apply for re-admission of its shares to the AIM Market of the London Stock Exchange following approval of the proposed transaction by Europa’s shareholders at an EGM.