Business
Amapá Operational Update,Placing to Raise £650,000
Amapá Operational Update,Placing to Raise £650,000.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n RNS Number : 1832P\n Cadence Minerals PLC\n 08 June 2020\n \n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDIX TO THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS\n NOT FOR\n RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDIX TO THIS ANNOUNCEMENT, IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT AND THE APPENDIX DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF CADENCE MINERALS PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n Cadence Minerals Plc\n \n (\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \n \n \n \n Amapá Operational Update, Placing to Raise £650,000\n \n \n \n Highlights\n \n \n \n \n \n · \n \n Trucking contractor has commenced mobilisation of equipment\n \n \n \n · \n \n Other key contractors appointed including local shipping manager and shipping broker\n \n \n \n · \n \n Shipping is still on target for late Q2 2020 / early Q3 2020\n \n \n \n · \n \n Movement of the stockpile to public port is expected in July 2020\n \n \n \n · \n \n Cadence has raised £650,000 via a placing to;\n \n \n \n o \n \n commission and publish an independent scoping study on the Amapá Project;\n \n \n \n o \n \n fund Cadence's Amapá Project expenses;\n \n \n \n o \n \n and facilitate the Company's flexibility in paying down its loan note facilities in accordance with its payment schedule.\n \n \n \n Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineraço S.A., owner of the Amapá iron ore project (\"Amapá Project\") remains on target to commence the shipment of its stockpile of iron ore by the end of Q2 2020 or early Q3 2020 (subject to any potential logistical restrictions of COVID-19). Cadence, along with its joint venture partners continues to engage with the secured creditors to reach a set...