April 7, 2010 (FinancialWire) — Ecometals Ltd. (TSX Venture: EC) has agreed to a further extension to the closing of the SPA with Alca Gold Ltd. (Alca) and its financial backers for their acquisition of Ecometals' shares in Condormining Corp. S.A. and Condorview S.A. for $9,000,000 to be satisfied in cash.

Both parties have agreed their intention to extend the closing with cash payment on 23 April, failing which Ecometals will terminate the agreement.

Ecometals Ltd. is a Canadian-listed mineral exploration and development company focused on mineral resources in Latin America. Apart from its gold exploration in Ecuador, Ecometals also has significant manganese and iron projects in Brazil at grass roots and development planning stages.

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