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News: PEL Pelican Resources Seeks Shareholders Approval For Sale Of Interest In Sibuyan Nickel...

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    12/10/18
    12:30
    Post #: 36100875

    Oct 12 (Reuters) - Pelican Resources Ltd (PEL) :

    • UPDATES ON SALE OF SIBUYAN NICKEL PROPERTIES DEVELOPMENT CORPORATION
    • INTENDS SEEKING APPROVAL OF SHAREHOLDERS FOR SALE OF ITS INTERESTS IN SIBUYAN NICKEL PROPERTIES DEVELOPMENT CORP AT UPCOMING AGM
    • CO & DYNAMO ATLANTIC SIGN DEAL ON TERMS OF FORMAL SHARE SALE & ASSIGNMENT OF DEBT AGREEMENT OF SNPDC
    • TOTAL CONSIDERATION FOR DEAL $3.6 MILLION
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