So now we know why Chuck raised some cash... Dundee out.KELOWNA, BC, July 11, 2014 /CNW/ -
Metalex Ventures Ltd. (
MTX.V) ("Metalex", the "Company") announces that Dundee Corporation ("Dundee") has decided to terminate their interest in the current earn-in agreement for the U2 and T1 kimberlite pipes. Dundee states the reason behind the termination is due to the continued delay in receiving permits and the execution of an exploration agreement with the First Nations Communities of Attawapiskat and Marten Falls . As a result, Metalex has contacted alternate groups with both the interest and financial capabilities of conducting the previously announced bulk sample of U2 and, if positive, mine development.