Mkango and CoTec Provide Transaction Update

LONDON and VANCOUVER, British Columbia, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) and CoTec Holdings Corp. (TSX-V: CTH) (“CoTec”) are pleased to provide an update on the transaction announced on 30 May 2022 (the “Transaction”). CoTec has advanced a further £325,000 to Mkango by way of a convertible advance note (the “Advance”) and Mkango has extended exclusivity until January 31, 2023. The terms of the Advance are consistent with the terms of the advance that CoTec provided to Mkango in October 2022. The conversion rights associated with the Advance remain subject to TSX Venture Exchange approval.

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