YES AS PREDICTED! DNI TERMINATES OPTION AREEMENT!
See DNI TSX-V Announcement. 8th Dec 2017
http://www.newsfilecorp.com/release...ion-Agreement-with-Cougar-Metals#.Wire8oVOI2w
Toronto, Ontario--(Newsfile Corp. - December 8, 2017) - DNI Metals Inc. (CSE: DNI) (OTC Pink: DMNKF) ("DNI" or the "Company") DNI has today terminated the agreement dated March 24, 2017 between DNI and Cougar Metals NL ("Cougar") in respect to the Vohitsara Property (the "Option Agreement").
On December 1, 2017 DNI issued Cougar a Notice of Default. Under the Option Agreement, Cougar had seven days to remedy the Defaults. In the event that certain of the Defaults are not remedied, DNI has the right to cancel the Option Agreement. DNI has exercised that right. The defaults of Cougar which were not remedied are not subject to arbitration under the Option Agreement.
DNI continues to advance the 100% owned Vohitsara graphite property
.............................
This DNI Ann is WORST NEWS for CGM.
So where does that leave CGM Shareholders?
The worst possible situation. Without a Graphite Project.
Plus Share Price Crunched 40% This Week alone!
- Forums
- ASX - By Stock
- CGM
- Ann: Toamasina Graphite Project Update
Ann: Toamasina Graphite Project Update, page-135
-
- There are more pages in this discussion • 70 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)