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Angkor and Gravitas agree to cancel financing: Angkor Gold Corp.(TSXV:ANK) and Gravitas Securities Inc. have jointly agreed to cancel Angkor’s proposed financing previously announced on Aug. 16, 2016.
Angkor and Gravitas agree to cancel financing.
Angkor Gold Corp.(TSXV:ANK) and Gravitas Securities Inc. have jointly agreed to cancel Angkor’s proposed financing previously announced on Aug. 16, 2016.
“Our cancelling of the financing is due to our necessity to complete a NI [National Instrument] 43-101 report on Mesco Gold’s property. Working with the Gravitas team over the past few months has been an excellent experience,” stated Mike Weeks, chief executive officer and chairman of Angkor. “We look forward to continuing our relationship and working together again in the future.
“As the rainy season appears to have subsided, Angkor is now proceeding with its exploration activity for the 2016-2017 dry season. Plans for the Banlung and Oyadao South licences are moving forward. Both areas are part of separate joint venture agreements, and funding for these programs will be covered by our partners while all work will be completed by Angkor staff.”
Angkor will re-evaluate its financing requirements in the near future.
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