News: IGO Medallion Metals Says Co And IGO Entered Exclusive Negotiations On Forrestania

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    Aug 8 (Reuters) - Medallion Metals Ltd (MM8) :

    • ASX ALERT-MEDALLION & IGO ENTER EXCLUSIVE NEGOTIATIONS ON FORRESTANIA,IGO-MM8.AX
    • NEGOTIATING A POTENTIAL TRANSACTION WHEREBY MEDALLION ACQUIRES CERTAIN ASSETS OF FORRESTANIA NICKEL OPERATION
    • CO AND IGO LIMITED HAVE ENTERED INTO AN EXCLUSIVITY AGREEMENT
    • CONSIDERATION PROPOSED TO COMPRISE UPFRONT CASH TO A MAXIMUM OF A$15 MILLION
    • AGREEMENT REGARDING NEGOTIATING A POTENTIAL TRANSACTION WHEREBY MEDALLION ACQUIRES CERTAIN ASSETS OF FORRESTANIA NICKEL OPERATION
    • TOTAL CONSIDERATION TO BE CAPPED AT A$50 MILLION.
    • MEDALLION AND IGO TO NEGOTIATE ACQUISITION OF GOLD AND SILVER RIGHTS ACROSS BROADER FNO TENURE ON A NON-EXCLUSIVE BASIS
 
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