Cadence Minerals Plc Receives Approval To Recover And Restart Operations At the Amapá Iron Ore Project

Cadence Minerals Plc (AIM: KDNC), has received the approval of the commercial court of São Paulo for the judicial restructuring plan to recover and restart operations at the Amapá iron ore project. Once after fulfilling the preconditions relating to the railway licenses and bank creditor arrangements, the judicial court will be releasing US$2.5 million investment from its account. The investment was placed by the company.

On 30th August 2019, at the time of writing, GMT 08:08 AM, KDNC shares were trading at GBX 0.10, up by 0.01 points or 17.65% against the previous day closing price.