Carolina Capital Corp. (TSXV:CQC) announces expiration and termination of non-binding Letter of Intent for Joint Venture wit...
October 14 2014 - 11:25AM
PR Newswire (Canada)
BC Plant Expansion and Revenue Share to Stay
in Effect
(Not for dissemination in the United States of America)
VANCOUVER, Oct. 14, 2014 /CNW/ - Carolina Capital Corp.
("Carolina") (TSX Venture: CQC) reports that its non-binding Letter
of Intent with IMG Gold Recovery Inc. ("IMG") has expired.
IMG has not met the closing conditions outlined in the terms of the
original non-binding Letter of Intent dated April 7, 2014 (the "Original LOI"). The
Carolina and IMG addendum dated July
24th whereby Carolina and IMG will revenue
share on gross gold, silver and platinum at the expanded
Burnaby plant will stay in
effect.
ON BEHALF OF THE BOARD:
"Suzanne Wood"
Suzanne Wood
Director
Neither the TSX Venture Exchange Inc. nor its
regulation services provider (as that term is defined in the
policies of The TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Carolina Capital Corp.
Copyright 2014 Canada NewsWire
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