Consolidated Zinc Limited entered into a binding agreement to sell the plomosas project

Consolidated Zinc Limited (ASX: CZL) had announced that it has signed a binding conditional share sale agreement with Impact Silver Corp and FSE listed company domiciled in British Columbia, Canada. Under the agreement, the company will sell its entirely legal and beneficial interest in Minera Latin American Zinc S.A.P.I de C.V. (MLAZ), a subsidiary of the company that owns the Plomosas Project.

The initial consideration was valued at US$6.0 million made up of US$3.0 million in cash and US$3.0 million in common shares of Impact Silver, based on the lower of the price per common share for the Impact Capital Raising or the volume weighted average price for the 20 trading days before the date of implementation of the sale agreement.

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