The transaction is due to complete in December as the due diligence period has been extended
() told investors it has extended the deadline for closing its transaction with partner and associate Cobre for the Kalahari Metals venture.
Presently, Metal Tiger owns a 62.17% interest in Kalahari Metals Limited (KML) and owns an 18.79% shareholding in Cobre.
Cobre is set to acquire 51% of KML and the deadline for the transactions has been moved to December 20, 2020, to allow for the completion of due diligence.
As a result of transactions currently in process, it will own 20.72% of Cobre and have a 59.57% economic interest in KML – 49% direct and 10.57% via its stake in Cobre.
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