Century Global Commodities Corporation Completes Acquisition of Joint Venture Interests of WISCO Canada ADI Resources Development & Investment Limited in Century’s Attikamagen and Sunny Lake Projects
TORONTO, Nov. 19, 2020 (GLOBE NEWSWIRE) — Century Global Commodities Corporation (“Century” or the “Company”) has completed its previously announced acquisition from WISCO Canada ADI Resources Development & Investment Limited (“WISCO ADI”), a 23.5% shareholder of Century, of WISCO ADI’s joint venture interests in Century’s Attikamagen and Sunny Lake iron ore projects (the “Joint Venture Interests”) in exchange for net cash consideration of $1.17 million (the “Acquisition”). The Acquisition was completed through the facilities of the Shanghai United Assets and Equity Exchanges (the “Shanghai United Exchange”).As a result of the completion of the Acquisition, Century’s joint venture agreements with WISCO ADI for Century’s Attikamagen and Sunny Lake iron ore projects have been terminated and Century is now the owner of a 100%...
