Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Cornerstone Decides Not To Proceed With Plan Of Arrangement
Real Assets

Cornerstone Decides Not To Proceed With Plan Of Arrangement

by juniorminingnews.com posted 2months ago 15 views
By Scott Tibballs Cornerstone Capital Resources (TSXV-CGP) has announced that, given the ongoing delays faced by the company in obtaining certain approvals, the board of directors has decided not to proceed with the previously announced plan of arrangement at this time. The plan of arrangement, which was first announced on July 13, 2017, would have involved, among other things, undertaking a spin-off transaction whereby Cornerstone would have transferred its non-Cascabel assets to a newly created company. Cascabel, in Ecuador is Cornerstone’s flagship project, targeting copper-gold, while the rest of the company’s assets are mostly gold-copper.

In this article