Mountain Lake Resources Terminates Acquisition of New Island Resources
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 Resources’ company profile, click here.
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Wed, Sep 8, 2010
Post by Geetha Raghavan, Gold Research Manager