Columbus Exploration Ends Option Agreement with Columbus Gold

Columbus Exploration Corp. (TSXV:CLX) announced that it has terminated its option agreement with Columbus Gold Corp. (TSXV:CGT).

As quoted in the press release:

The Agreement was subject to a number of conditions to be satisfied on or before June 30, 2013; due to increasingly volatile market conditions since executing the Agreement, Columbus Exploration’s Board has determined that certain of these conditions, principally fundraising, are unlikely to be fulfilled in a timely fashion and has therefore decided to terminate.

To view the whole press release, click here.