logo-loader

ECR Minerals says option period for due diligence on Iceberg project extended

Published: 11:34 02 Oct 2018 BST

gold
ECR said the extension comes at no additional cost

ECR Minerals PLC (LON:ECR) said the option period for due diligence work on the Iceberg gold project in Western Australia has been extended to allow for a thorough review of historical data supplied by the vendors.

The original agreement provided a 60-day option period during which due diligence could be carried out. This has been extended by 30 days under an agreement with the vendors Pacific Trends Resources Pty Limited.

READ: ECR Minerals restarts gold exploration in Australia

ECR said the extension comes at no additional cost and would allow it more time to go over the substantial historical project data that has been provided by the vendors.

It has appointed CSA Global, Mining Industry Consultants, to conduct a review of the project and its underlying documentation.

The company expects due diligence work will be completed in the coming weeks.

HANetf founder and co-CEO discusses shift to active management in ETF market

HANetf founder and co-CEO Hector McNeil tells Proactive's Stephen Gunnion about shifting trends in the exchange-traded fund (ETF) market in the United States, indicating a big move towards active management within ETFs. Despite the European market lagging behind the US by three to five years,...

12 hours, 5 minutes ago