Cadence today announces an update on the settlement with the secured creditors in Amapá which has been agreed in principle but is still subject to final ratification. The legal drafting of the settlement agreement and supporting documents continues. Once executed, Cadence will make its initial $2.5m investment in the Amapá Project (cash is currently held in escrow) and will become a 20% shareholder in the Amapá Project via a joint venture company (in JV with Indo Sino Pty), which will own 99.9 ....
02 Nov 2020
WHI First Light: Cadence Minerals (KDNC) - Update on Bank Creditor Settlement for Amapá and new Resource
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WHI First Light: Cadence Minerals (KDNC) - Update on Bank Creditor Settlement for Amapá and new Resource
Cadence Minerals PLC (KDNC:LON) | 5.2 0 0.0% | Mkt Cap: 9.50m
- Published:
02 Nov 2020 -
Author:
Paul Smith -
Pages:
4
Cadence today announces an update on the settlement with the secured creditors in Amapá which has been agreed in principle but is still subject to final ratification. The legal drafting of the settlement agreement and supporting documents continues. Once executed, Cadence will make its initial $2.5m investment in the Amapá Project (cash is currently held in escrow) and will become a 20% shareholder in the Amapá Project via a joint venture company (in JV with Indo Sino Pty), which will own 99.9 ....