Update on Cancun Transaction and Capital Raising
Filed with ASX · · 2 pages · English
Summary by 6ix AI
C29 Metals Limited has announced the termination of its Acquisition Agreement with Cancun Gold due to unsatisfactory due diligence results regarding exploration projects in Namibia. As a result, the company will not proceed with a planned capital raise and will return funds committed for the second tranche of the placement.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from C29 Metals
- Pause in Trading
- Transformational Namibian Copper & Gold Acquisition
- Quarterly Activities/Appendix 5B Cash Flow Report
- C29 Metals to drill Sampsons Tank Copper Project
- C29 Metals shifts focus to Mayfield Copper Project
Later from C29 Metals
- Resignation of Managing Director Shannon Green
- Divestment of Non-Core Mayfield Project
- Change of Company Offices
- Change of Director's Interest Notice
- Proposed issue of securities - C29
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