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
