April 28, 2020 / 1:42 AM / a month ago

BRIEF-Scandivanadium Implements Cost Cutting Measures In Response To COVID-19

April 28 (Reuters) - Scandivanadium Ltd:

* MANAGED CASH BURN DURING MARCH QUARTER WITH MANAGEMENT’S CASH REMUNERATION BEING DEFERRED BY 20-50%

* IN RESPONSE TO COVID-19 & INCREASED MARKET UNCERTAINTY, COST CUTTING MEASURES IMPLEMENTED FROM 1 APRIL

* DIRECTORS’ CASH BOARD FEES REMAIN SUSPENDED Source text for Eikon: Further company coverage:

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