Brief: Ascendant Resources Acquires Interest And Option In Lagoa Salgada VMS Project
01/08/2018 11:44
Aug 1 (Reuters) - Ascendant Resources Inc ASND.TO :
* ASCENDANT RESOURCES ACQUIRES INTEREST AND OPTION IN THE
HIGHLY
PROSPECTIVE LAGOA SALGADA VMS PROJECT LOCATED ON THE PROLIFIC
IBERIAN PYRITE BELT IN PORTUGAL
* ASCENDANT RESOURCES INC SAYS HAS ACQUIRED FROM TH
CRESTGATE GMBH
A 25% INTEREST IN REDCORP - EMPREENDIMENTOS MINEIROS, LDA
* ASCENDANT RESOURCES - ACQUIRED INITIAL EFFECTIVE 25%
INTEREST
FOR UPFRONT PAYMENT OF $2.45 MILLION, COMPOSED OF $0.8 MILLION
CASH & $1.65 MILLION IN CO'S SHARES
* ASCENDANT RESOURCES - WILL FUND ALL DEVELOPMENT & FUTURE
CONSTRUCTION COSTS AND RECOUP CRESTGATE'S SHARE OF INVESTMENT
THROUGH CASH FLOW UNTIL REPAID
* ASCENDANT RESOURCES INC - TRANSACTION IMMEDIATELY
ACCRETIVE TO
ASCENDANT'S ZNEQ METAL EXPOSURE
Source text for Eikon: ID:nGNX1BjS1C
Further company coverage: ASND.TO
((Reuters.Briefs@thomsonreuters.com;))
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