European Cobalt Announces Not to Proceed with Maroon Acquisition

December 27, 2019 03:14 AM AEDT | By Utkarsha Kalra

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European Cobalt Ltd (ASX:EUC) has made an announcement with respect to the proposed acquisition of Maroon Gold Pty Ltd, that it has elected not to proceed with the acquisition by mutual agreement between the Company and Maroon.

European Cobalt reported that there are no outstanding obligations between EUC and Maroon.

The company is continuing to explore its existing portfolio of assets whilst reviewing additional resource opportunities in several commodities and jurisdictions to create shareholder value

At AEDT (01:36 PM), the stock was trading lower at $0.018 from the previous close.

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