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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:
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.
