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.