Ecometals Updates Sale of Serra do Navio Manganese Project

- December 16th, 2011

Ecometals Limited (TSXV:EC,BER:GDQ,FSE:GDQ) announced an update to its agreement regarding the sale of Serra do Navio to Asia Minerals.

Ecometals Limited (TSXV:EC,BER:GDQ,FSE:GDQ) announced an update to its agreement regarding the sale of Serra do Navio to Asia Minerals.

As quoted in the press release:

After careful deliberation, the board of directors of the Company has determined that it is not in the best interests of the Company to agree to Asia Minerals’ revised proposal, including its proposal to extend Asia Minerals’ due diligence period for a further three month period to mid-March, 2012.

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

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