Mountain Lake Resources Terminates Acquisition of New Island Resources
Investing News Network - September 8th, 2010
Mountain Lake Resources (CVE:MOA) reports that it has terminated the corporate arrangement with New Island Resources Inc. In result, NIS is required pay to Mountain Lake a break-up fee equal to the greater of: (a) 5.0% of the value of the ANX Arrangement Offer, and (b) $300,000. For complete news release, click here. For Mountain Lake […]
Mountain Lake Resources (TSXV:MOA) reports that it has terminated the corporate arrangement with New Island Resources Inc.
In result, NIS is required pay to Mountain Lake a break-up fee equal to the greater of: (a) 5.0% of the value of the ANX Arrangement Offer, and (b) $300,000.