Cadence Minerals #KDNC – Update on Amapa Iron Ore Project Creditor Agreement & Court Petition to Commence Iron Ore Shipments

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil.  Settlement of Bank Creditors In early September 2020, we announced that DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) agreed in principle to the settlement terms proposed […]

Cadence Minerals #KDNC – Updated Mineral Resource Estimate for the Amapa Iron Ore Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce the completion of the update of the Mineral Resource Estimate (“MRE”) in respect of its investment in the Amapá Iron Ore Project Brazil. Highlights: ·    Mineral Resource of 176.7 million tonnes (“Mt”) grading 39.7% Fe in the Indicated category, reported within an optimised pit shell and using […]

Amapa Iron Ore Project – Cadence Minerals #KDNC Agrees In Principle To Settlement Terms Proposed By Amapa Bank Creditors.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil. DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) have agreed in principle to the settlement terms proposed by the secured bank creditors (“Bank Creditors”), and the administrator […]

Cadence Minerals #KDNC – Update on Investment in the Amapa Iron Ore Project, Brazil.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project, Brazil. Progress with Secured Bank Creditors Since our last update in early August, DEV Mineraço S.A’s (“DEV”) Cadence and Indo Sino Pty Ltd (“the Investors”) have continued a constructive dialogue with the secured bank […]

Cadence Minerals #KDNC – Placing to Raise £1.25 million

Cadence Minerals (AIM/AQSE: KDNC; OTC: KDNCY) is pleased to announce that it has raised £1.25 million through the placing (“Placing“) of 10,416,662 new ordinary shares (“Placing Shares“) in the capital of the Company with new and existing investors at an issue price of 12pence per share (“Placing Price“), representing approximately 21.7% discount to closing mid-price on 19 August 2020. […]

Cadence Minerals #KDNC – Update on Investment into the Amapa Iron Ore Project, Brazil.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project, Brazil. Progress with Secured Bank Creditors Since our last update in early July, DEV Mineração S.A’s (“DEV”) Cadence and Indo Sino Pty Ltd (“the Investors”) have continued a constructive dialogue with the secured bank […]

Cadence Minerals #KDNC – Amapá Project Update

Further to the announcement made on the 16 June 2020, at this point, the commercial court of São Paulo has not made a ruling concerning DEV Mineraço S.A’s (“DEV”) petition to annul the secured creditors’ liens and charges over the Amapá Iron Ore Project (“Amapá Project”). The parties are in active discussions concerning a settlement, […]

Cadence Minerals #KDNC – Results for the Year Ended 31 December 2019

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce its final results for the year ended 31 December 2019. A copy of the full results will be made available on the Company’s website from today at https://www.cadenceminerals.com/   – Ends – The information contained within this announcement is deemed by the Company to constitute […]