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Cameo Cobalt goes ahead with buy of cobalt-prospective property in Chile

Cameo Cobalt Corp. on June 13 confirmed it is going ahead with the previously announced acquisition of a 456-hectare property in Chile's Carrizal Alto district.

It signed a definitive deal and will pay the vendor about US$5.1 million in cash and 2.75 million shares in staged payments within 48 months following the deal's closing.