SYDNEY, AUSTRALIA: Cadence Minerals announced that Castillo Copper has entered into a 90-day option agreement with Lithium Technologies (LT) and Lithium Supplies (LS), in which Cadence owns a 29% shareholding, to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects in the Northern Territory (NT) and Western Australia (WA) respectively. Highlights: · ASX and London listed Castillo has a 90-day option to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects. · Consideration for 100% of the holding companies which hold these assets (plus others) is up to AUS$ 3 million in equity of Castillo. · Castillo is an Australian-based explorer primarily focused…
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Castillo Copper plans $7.0mn IPO of BHA Project
SYDNEY, AUSTRALIA: Castillo Copper Limited (CCZ) Board has appointed CPS Capital Group, to restructure and then list via an IPO on the ASX, its wholly-owned Broken Hill Alliance (BHA) Project, which comprises a large footprint proximal to Broken Hill’s world-class zinc-lead-silver deposit, a news release said. A new entity, Newco, will be formed to house…