Brief: Poseidon Nickel Provides Update On Proposed Sale Of Lake Johnston
April 30 (Reuters) - Poseidon Nickel Ltd POS.AX :
* UPDATE ON PROPOSED SALE OF LAKE JOHNSTON
* MRL INDICATED TO POSEIDON THAT IT DOES NOT WISH TO PROCEED
WITH
TRANSACTION AS AGREED
* BOARD REMAINS OPEN TO NEGOTIATIONS WITH MINERAL RESOURCES
* MINERAL RESOURCES INDICATED THEY WOULD INSTEAD PREFER CO
TO
CONSIDER RENEGOTIATION OF TERMS
Source text for Eikon: ID:nASX9gWB68
Further company coverage: MIN.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Poseidon Nickel
See all newsBrief: Poseidon Nickel Says Implementation Of Schemes Of Arrangement
Brief: Poseidon Nickel Says 90.57% Of Shareholders Present Voted In Favour Of Share Scheme
Brief: Poseidon Nickel Says Deal To Develop Windarra Tailings Project Unconditional
Australia's Horizon Minerals eyes worst day in 13 years on plans to buy nickel miner
Brief: Poseidon And Horizon Announce Merger Transaction