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Coastal Gold Corp enters into agreement to sell Mangabal Nickel-Copper Project in Brazil


Tuesday, 4 Mar 2014 08:00am EST 

Coastal Gold Corp:Entered into an agreement (the Agreement) to sell its wholly-owned subsidiary, Castillian Metais Ltda. (CML), to Falcon Metais Ltda.Holds a 100 pct interest in the Mangabal nickel-copper project in Goias State, Brazil (the Mangabal Project).Says In consideration for the shares of CML, Falcon Metais has agreed to assume all liabilities and obligations of CML, including those relating to the Mangabal Project, from and after the date on which the sale closes.Agreed to issue to Amazon Potash Corp. ("APC"), the parent company of Falcon Metais, 3,117,040 common shares of the Company at a deemed price of Cdn$0.05 per share in repayment of R$111,900. 

Company Quote

0.02
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26 Nov 2014