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Jinchuan to move forward with transaction to acquire Ipilan Nickel Corp - Toledo
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Tuesday, 14 Feb 2012

Toledo announces that Jinchuan has advised that at a meeting held it decided to move forward with the transaction to acquire Ipilan Nickel Corporation.

Accordingly, Jinchuan will draft a purchase agreement for Toledo's consideration.

Mr Reg Eccles chairman of Toledo said that "This is very good news for our shareholders. Given the distinct possibility that the transaction to dispose of our interest in Ipilan will now move to completion, it will ensure that Toledo will be able to fund its share of major efficiency improvements to mining and shipping facilities at Berong, to focus on an exploration program in the surrounding area, to conduct a feasibility study into value add processing operations using Berong ore and to explore opportunities for geographic diversification."

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