LeadFX Announces Exercise of Stage 3 Warrant, Update on Sale of 'Chief'
September 28 2018 - 04:00PM
PR Newswire (Canada)
PERTH, Australia, Sept. 28, 2018 /CNW/ - LeadFX Inc. (the
"Company" or "LeadFX") (Toronto Stock Exchange:
LFX) announces that following receipt of Ministerial
Statement No.1083 approving the implementation of the
Hydrometallurgical Facility and mine extension at the Paroo Station
Lead Mine, 30km west of Wiluna in Western
Australia, InCoR Energy Materials Limited has exercised the
Stage 3 Warrant (as defined under the Umbrella Agreement dated
June 20, 2017) for 5,750,000 Common
Shares of the Company.
In relation to the Company's sale of its interests in Chief
Consolidated Mining Company announced on July 30, 2018, the buyers have requested
additional time to complete the purchase. The Company is currently
negotiating an extension and will advise when the extension is
confirmed.
SOURCE LeadFX Inc.
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