All discussions concerning a plan of arrangement between Glimmer Resources (VSE) and Canadian Golden Dragon Resources (VSE), proposed in September, have been terminated.
In addition, Glimmer has been granted an extension on its first right of refusal to buy Hemlo Gold Mines’ (TSE) 60% interest in the Hislop-Beatty gold property near Matheson, Ont. The property hosts more than 1.4 million tons averaging 0.29 oz. gold per ton.
Glimmer hopes to use the additional time to conclude ongoing discussions with other interested parties looking to explore the deposits from underground.
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