Brief: Riversgold Ltd To Sell Nickel And Cobalt Rights Over Kurnalpi

Riversgold

07/08/2023 02:15

Aug 7 (Reuters) - Riversgold Ltd  RGL.AX :
    * TO SELL NICKEL AND COBALT RIGHTS OVER KURNALPI
    * SIGNED A MEMORANDUM OF UNDERSTANDING WITH NEW GENERATION
MINERALS
    * NGM WILL HAVE RIGHT TO ACQUIRE NICKEL AND COBALT RIGHTS
OVER A
PACKAGE OF RGL'S KURNALPI TENEMENTS
    * DEAL IN EXCHANGE FOR CASH AND SHARES IN NGM OR A RELATED
BODY
CORPORATE WHICH IS PROPOSED TO BE LISTED ON ASX
    * NGM WILL ISSUE RIVERSGOLD A$1 MILLION WORTH OF SHARES IN
NGM
WHICH PLANS TO IPO IN EARLY 2024

Source text for Eikon:  ID:nASX7W6YMS 
Further company coverage:  RGL.AX 

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