Cadence signs MoU to earn 10% of Austria cobalt mine

June 15, 2017

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Aim-listed Cadence Minerals has signed a binding memorandum of understanding (MoU) with ASX-listed Clancy Exploration to earn an initial 10% interest in the high-grade Leogang cobalt-nickel sulphide project, near Salzburg, in Austria, through the issue of 73.7-million shares. Under the terms of the MoU, Cadence has 14 days to complete the necessary due diligence and obtain board and regulatory approvals.

Category: General