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Clancy Exploration Limited (ASX:CLY) has reached an agreement to acquire the Hong Kong gold project in the Pilbara region of Western Australia. (2-0)
Clancy Exploration, a junior copper, gold and base metal explorer based in Western Australia, has agreed to the purchase of the Hong Kong project in the Pilbara for $1.35 million in shares. (2-0)
Clancy Exploration Ltd (ASX:CLY) has been granted a trading halt by the ASX pending a corporate and licensing update regarding the Leogang Project in Austria.
Further to the announcement on the 15 June in which Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY), signed a binding Memorandum of Understanding ("MOU") with Australian listed Clancy Exploration Limited ("Clancy" ASX: CLY), Cadence advises that it has completed its due diligence and has elected to acquire an initial 10% direct interest in the historically high grade Leogang Cobalt-Nickel Sulphide Project in Austria (the "Leogang Project").
Cadence Minerals Plc (AIM: KDNC), the AIM quoted listed resources investment company, advises that it has signed a binding Memorandum of Understanding ("MOU") with Australian- listed Clancy Exploration Limited ("Clancy" ASX: CLY) to earn into an initial 10% interest, with an option to increase its interest to 20%, in the high grade Leogang Cobalt-Nickel Sulphide Project in Austria (the "Leogang Project").
Clancy Exploration (ASX:CLY) has some interesting news on the horizon in the form of a project acquisition.
The trading halt will remain in place until the opening of trade on Thursday 13th October 2016, or earlier if an announcement is made to the market.