News we have not seen from CDODid I miss CDO's press release on this?
The TSX has no releases since Nov. 2010!
https://tmx.quotemedia.com/news.php?qm_symbol=CDO
The CDO website has nothing since Feb. 2011.
https://www.candorado.com/s/NewsReleases.asp
Management should be ashamed.
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Form 8-K for PEPPER ROCK RESOURCES CORP.
27-May-2011
Termination of a Material Definitive Agreement, Change in Directors o
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
OnJanuary 3, 2011, Pepper Rock Resources Corp. (the "Company") enteredinto an Option Agreement (the "Option Agreement") with CandoradoOperating Company Ltd. ("Candorado"), whereby the Company had theexclusive option to acquire a 30% interest in a mineral claim located inBritish Columbia, Canada known as the Man/Prime Property. The Companycould acquire such interest by (a) issuing 1,000,000 shares of itscommon stock to Candorado upon Candorado receiving approval of theOption Agreement from the TSX Venture Exchange (the "Exchange");
(b)issuing 250,000 shares within 12 months of such approval by theExchange; and (3) issuing 250,000 shares within 24 months of suchapproval by the Exchange. The Company is also required to expend a totalof $500,000 within 12 months of the Exchange's approval on theProperty, a total of $750,000 within 24 months of the Exchange'sapproval and a total of $1.5 million within the period of 36-48 monthsafter the Exchange's approval. Subsequently, the Company was informedthat approval of the Option Agreement by the Exchange was not requiredand issued 1,000,000 shares to Candorado.
On May 24, 2011, theCompany gave Candorado its written notice to that pursuant to paragraph 8of the Option Agreement it is terminating the Option Agreement,effective immediately. The Company elected to terminate the OptionAgreement as it determined it was in both parties' best interests toallow Candorado to pursue the property without the Company'sinvolvement. The Option Agreement does not provide for any earlytermination fees. The 1 million shares of the Company's common stockthat were issued to Candorado will be cancelled and returned totreasury