RE: RE: RE: RE: RE: RE: Split into Monument Gold + Here is what the August 7 PR said:
Status of Private Placement of $70 Million Private Placement
The Company has been advised that the TSX Venture Exchange has withdrawn the Company's submission with respect to its proposed $70 million private placement due to pending information required to be received from the placee. The proposed private placement was previously approved by the Company's shareholders at the General and Special Meeting held in December 2011, as the private placement would result in Tulum Corporation becoming a new control person of the Company. Tulum Corporation is a private corporation incorporated under the laws of the United Kingdom of Great Britain and Northern Ireland and is controlled by Mr. Francois Marland. The Company is advised by Tulum that it still intends to close the financing on the original terms approved by shareholders; however, the Company is not able to proceed with the private placement until it receives from Tulum further information which is required by the Exchange.