May 28 (Reuters) - Element ASA ELEM.OL :
* ELEMENT ASA: DIVESTMENT OF MINDORO NICKEL PROJECT
* ELEMENT ASA: DIVESTMENT OF MINDORO NICKEL PROJECT
* ENTERED INTO AND CONSUMMATED AN AGREEMENT FOR DIVESTMENT
OF ALL
OF ITS OWNERSHIP INTERESTS IN MINDORO NICKEL PROJECT
* RECEIVED A SYMBOLIC PURCHASE PRICE FOR FILIPINO ENTITIES
* PURCHASE PRICE MAY INCREASE TO USD 1 MILLION IF
ABOVEMENTIONED
MINING BANS ARE LIFTED WITHIN FIVE YEARS FOLLOWING CONSUMMATION
OF TRANSACTION
Source text for Eikon: ID:nObiwsyFZa
Further company coverage: ELEM.OL
(Gdansk Newsroom)