Brief: Ascendant Resources To Sell El Mochito Mine
20/04/2020 12:38
April 20 (Reuters) - Ascendant Resources Inc ASND.TO :
* PRESS RELEASE - ASCENDANT RESOURCES TO SELL EL MOCHITO
MINE
* ASCENDANT - TO GET CASH CONSIDERATION OF US$1.0 MILLION,
ADDITIONAL US$100,000 IN WORKING CAPITAL ADJUSTMENTS, ROYALTY ON
ZINC SALES FROM EL MOCHITO MINE
* ASCENDANT RESOURCES - ENTERED AGREEMENT WITH KIRUNGU
CORPORATION
TO SELL ALL SHARES OF CO'S UNIT, AMPAC WHICH OWNS 100% OF EL
MOCHITO MINE
* ASCENDANT RESOURCES - KIRUNGU TO ASSUME ALL OF CO'S
MATERIAL
LIABILITIES WITH RESPECT TO AMPAC, VALUE OF WHICH IS ABOUT
US$20-25 MILLION
Source text for Eikon: ID:nGNX4T28bc
Further company coverage: ASND.TO
((Reuters.Briefs@thomsonreuters.com;))
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