ECR Minerals (GB:ECR) has released an update.
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ECR Minerals is making significant progress in selling non-core assets of its subsidiary, Mercator Gold Australia, which includes A$75 million in tax losses. The company has extended the exclusivity period with a potential buyer to finalize a complex transaction structure, aiming for a substantial cash consideration. Despite positive discussions, the deal remains uncertain and may require shareholder approval if it leads to a fundamental change in business.
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