Nexcel Metals Acquires Additional Stake in Burnt Hill Tungsten Project
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Nexcel Metals Corp. has amended its agreement to acquire an additional 42% interest in the Burnt Hill Tungsten Project in New Brunswick, Canada, raising its total interest to 71.58%. The company will issue 6,250,000 non-transferable share purchase warrants to the vendor, each exercisable at $0.90 per share. Nexcel also has the option to earn an additional 28.42% interest through a separate agreement with Cadillac Ventures Inc.
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