BRIEF-Medallion Metals Says Co & IGO Limited Agreed To Amend Terms To Acquire Forrestania Nickel Ops

Reuters
05 May
BRIEF-Medallion Metals Says Co & IGO Limited Agreed To Amend Terms To Acquire Forrestania Nickel Ops

May 5 (Reuters) - Medallion Metals Ltd MM8.AX:

  • CO & IGO LIMITED AGREED TO AMEND TERMS OF PROPOSED TRANSACTION TO ACQUIRE FORRESTANIA NICKEL OPERATION

  • MEDALLION WILL NOW ACQUIRE A 100% LEGAL AND BENEFICIAL INTEREST IN ALL FNO TENURE 1

  • AS CONSIDERATION, CO TO GRANT IGO NET SMELTER RETURN ROYALTY OF UP TO 1.5% ON ALL FUTURE GOLD PRODUCTION FROM TENEMENTS

Further company coverage: MM8.AX

((Reuters.Briefs@thomsonreuters.com;))

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