UK's Chesterfield Resources gains on licence agreement
26/06/2023 08:55
** Shares of Chesterfield Resources Plc CHF.L climb as
much as 7% to 1.15p
** The copper-focused exploration firm says it has entered
into option agreement with Canadian explorer Sterling Metals
SAG.V for its set of licences at Adeline in Labrador
** CHF says proposed agreement in exchange for cash and
shares
** Chesterfield says Sterling to explore two sets of
licences in eastern Canada
** Co says its board has made significant cut backs in
all aspects of running costs, including reduction in payments to
board members
** Stock currently at session high, taking YTD losses to
about 31%
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))