NEO:CDMN - Post Discussion
Post by
Betteryear2 on Apr 02, 2024 12:50pm
Canadian Manganese Secures Non-Dilutive Royalty Financing
Toronto, Ontario--(Newsfile Corp. - April 2, 2024) - Canadian Manganese Company Inc. (CBOE CA: CDMN) ("CDMN" or the "Company") is pleased to announce that it has agreed to sell a three percent (3%) gross revenue royalty ("GRR") on its Woodstock Manganese Project to Leventis Capital Pte. Ltd. ("Leventis" or the "Royalty Holder"), an arm's length party to the Company, for US$15,000,000 in cash. Completion of the transaction is expected to close on or about April 25, 2024, subject to certain conditions including regulatory approval, approval of the registration of the royalty against the Woodstock Project and the completion of confirmatory due diligence by the Royalty Holder. Canadian Manganese Secures Non-Dilutive Royalty Financing on Woodstock Manganese Project (newsfilecorp.com)
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