Cadence Minerals PLC - Macarthur Minerals to Seek Dual Listing on ASX
("Cadence Minerals", "Cadence")
Macarthur Minerals (TSX-V: MMS) to Seek Dual Listing on
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) ("Macarthur" or "the Company") has today announced its intention to seek a dual listing on the
Cadence holds approximately 9.8% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on iron ore, nickel, lithium and gold in
The full release can be found at: https://web.tmxmoney.com/article.php?newsid=7462927113052134&qm_symbol=MMS
Macarthur Minerals Executive Chairman
An ASX dual listing will provide Macarthur with sufficient funding to continue the advancement of the Company's flagship
Work on the listing process is well advanced and, following the Company's announcement in
The Board considers that the expected benefits of the an ASX listing will include increased investor interest, improved trading liquidity, reduced price volatility and improved price realisation for its Australian projects on a basis that is more consistent with its ASX listed peers."
Cadence Minerals CEO
"In addition the move provides further validation for our ongoing investment strategy into Macarthur."
This news release is not for distribution to United States Services or for Dissemination in
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Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the
Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identiﬁed by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reﬂect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.
This information is provided by RNS, the news service of the
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Market Cap: £3.43 m
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