Ecometals Limited Announces Extension of the Sale Agreement Respecting the Serra do Navio Manganese Project

Ecometals Limited (TSXV:EC,BER:GDQ,FWB:GDQ) announced it will again lengthen the due diligence period regarding the sale of a manganese property.

As quoted in the press release:

The reason for the extension is to give the Company the opportunity to consider revised offer terms now proposed by Asia Minerals. Under the revised terms, Asia Minerals has proposed to reduce the purchase price that was to have been paid at closing…and instead to make the balance of the purchase price in an amount to be agreed payable contingent on the results of the metallurgical tests.

Click here for the Ecometals Limited (TSXV:EC) press release.