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Blackhawk Resource Corp terminates acquisition of Global Royalty Corp


Monday, 25 Nov 2013 11:27am EST 

Blackhawk Resource Corp:Says it has terminated the Agreement to acquire all the issued shares of Global Royalty Corp.Says the agreement is being terminated as Global Royalty Corp. has received a superior offer.Says as part of the termination agreement, Blackhawk will receive a termination fee of $250,000, which covers all the costs incurred to date on the proposed transaction.Says in addition the $1,650,000 loan advanced from the Company to Global will be repaid with all accrued interest. 

Company Quote

0.065
0.0050 +8.33%
19 Dec 2014