Lions Gate Metals and AusNiCo Agree to Terminate Business Combination

- April 23rd, 2010

Lions Gate Metals Inc. (TSX VENTURE:LGM) reported that, despite the best efforts of LGM and AusNiCo, the conditions precedent to the merger between the two companies have not been satisfied and the parties have agreed to terminate their agreement.

Lions Gate Metals Inc. (TSXV:LGM) reported that, despite the best efforts of LGM and AusNiCo, the conditions precedent to the merger between the two companies have not been satisfied and the parties have agreed to terminate their agreement.

The press release is quoted as saying:

Lions Gate is a Canadian based, junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects. LGM owns 100% of three substantial copper and molybdenum projects located in British Columbia. LGM’s flagship project is the Poplar porphyry copper – molybdenum deposit near Houston, BC.

Click here to access the entire press release

Click here to access Lions Gate Metals Corporate Site

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