LONDON (Thomson Financial) - European Nickel Plc. said that it has now
received certain waivers that will allow it to proceed with its acquisition of
strategic interests in Investika Ltd.'s Philippine nickel laterite projects.
Toledo Mining Corporation Plc., Nickeline Resources Holdings Inc. and Atlas
Consolidated Mining and Development Corp. have waived certain pre-emption rights
they have on Investika's holding in the Berong Nickel Corp.
Following on from this, mining company European Nickel said it hopes to
conclude its $48 million acquisition of a 19.3 percent interest in Toledo and an
18.7 percent direct interest in Berong Nickel by the end of June, with the deal
subject now only to Investika shareholder approval.
TFN.newsdesk@thomson.com
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