Cadence Minerals PLC - investment firm and partner in the discovery & development of iron ore and lithium deposits - Notes that 1% investee Macarthur Minerals has agreed to sell a portfolio of its Pilbara gold copper tenements to Canadian capital pool firm Timeless Capital Corp.
Macarthur will be selling the assets alongside Zanil Pty Ltd, which will be disposing of its portfolio of gold copper tenements located near Leonora in Western Australia. In return, both companies will take up a 27% interest in Timeless.
Current stock price: 18.39 pence
Year-to-date change: up 27%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Cadence Mineral (KDNC)