Brief: Poseidon Nickel Says Entered Binding Heads Of Agreement To Divest Lake Johnston To Mineral Resources
18/03/2024 01:32
March 18 (Reuters) - Poseidon Nickel POS.AX :
* ENTERED INTO A BINDING HEADS OF AGREEMENT TO DIVEST LAKE
JOHNSTON TO MINERAL RESOURCES
* TERMS OF PROPOSED SALE ARE FURTHER A$14 MILLION IN CASH
AND
A$1MLN CASH PAYMENT
* PROPOSED LAKE JOHNSTON DIVESTMENT WILL REDUCE ANNUAL
EXPENDITURE
COMMITMENTS BY A$1.4 MILLION
Further company coverage: POS.AX
((Reuters.Briefs@thomsonreuters.com;))
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