Brief: Element: Divestment Of Mindoro Nickel Project

Univid ASA

28/05/2020 13:59

May 28 (Reuters) - Element ASA  ELEM.OL :
    * ELEMENT ASA: DIVESTMENT OF MINDORO NICKEL PROJECT
    * ELEMENT ASA: DIVESTMENT OF MINDORO NICKEL PROJECT
    * ENTERED INTO AND CONSUMMATED AN AGREEMENT FOR DIVESTMENT
OF ALL
OF ITS OWNERSHIP INTERESTS IN MINDORO NICKEL PROJECT
    * RECEIVED A SYMBOLIC PURCHASE PRICE FOR FILIPINO ENTITIES
    * PURCHASE PRICE MAY INCREASE TO USD 1 MILLION IF
ABOVEMENTIONED
MINING BANS ARE LIFTED WITHIN FIVE YEARS FOLLOWING CONSUMMATION
OF TRANSACTION

Source text for Eikon:  ID:nObiwsyFZa 
Further company coverage:  ELEM.OL 

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