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Pin to quick picksCadence Mineral Share News (KDNC)

Share Price Information for Cadence Mineral (KDNC)

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Share Price: 5.50
Bid: 5.00
Ask: 6.00
Change: -0.26 (-4.95%)
Spread: 1.00 (20.00%)
Open: 5.25
High: 4.99
Low: 4.99
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IN BRIEF: Cadence Minerals Notes European Metals Recent Developments

Tue, 14th Jul 2020 22:12

Cadence Minerals PLC - the investment company - Notes the update from European Metals Holdings Ltd that it has appointed Deutsche Gesellschaft fur Wertpapieranalyse GmbH, a mining and resource focused European investment banking boutique, as its investor & corporate relations advisor in Europe. Cadence also noted that European Metals is in discussions with the Prague Stock Exchange regarding the proposed listing of its securities.

Accordingly, European Metals has arranged an interim funding facility to assist in financing these new initiatives and ongoing operations. The facility has been provided by an Australian-based investor 6466 Investments Pty Ltd and allows for a draw down of up to AUD1 million, about GBP555,000, in tranches as required over 12 months.

Cadence holds 16% of the equity in European Metals.

Cadence current stock price: 9.10 pence

Year-to-date change: up 35%

European Metals current stock price: 14.78 pence

Year-to-date change: down 4.7%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Cadence says Evergreen gets AAPA approval for Bynoe project

Cadence Minerals PLC - London-based investor backing mineral resource assets - Notes Evergreen Lithium Ltd's receipt of its Aboriginal Areas Protection Authority Certificate for the Bynoe project in the Northern Territory in Australia, where the Cadence has identified multiple large and significant lithium pegmatite targets for drill testing. The AAPA is responsible for overseeing the protection of Aboriginal sacred sites on land and sea across the whole of Northern Territory. Cadence holds 15.8 million shares, equivalent to 8.7% of the issued share capital of Evergreen and is its largest shareholder.

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