Duluth Decides Not to Proceed with IPO Financing for DEL

Duluth Metals Limited  (TSX:DM, TSX:DM.U), a nickel acquisition, exploration, and development company, said it will not push through with its planned IPO financing for Duluth Exploration Limited (DEL), its wholly owned subsidiary, because of market and IPO conditions.

As quoted in the press release:

In addition, effective today the Board has cancelled all Management and Director options related to DEL which otherwise would have vested upon the liquidity event.

Click here to read the full Duluth Metals Limited (TSX:DM, TSX:DM.U) press release.