CALICO RESOURCES CORP V.CKB

never saw this coming!

[todamoon14]

Calico Resources Corp Symbol C : CKB Shares Issued 51,695,369 Close 2014-02-03 C$ 0.19 Recent Sedar Documents View Original Document Calico issues default notice to Rockstar 2014-02-03 21:02 ET - News Release Mr. Arden Morrow reports ROCKSTAR DEFAULTS UNDER MEMORANDUM OF AGREEMENT Calico Resources Corp. has not received from Rockstar Resources Inc. the required second down payment under the memorandum of agreement dated Dec. 2, 2013, which memorandum of agreement was initially announced by Calico on Dec. 3, 2013. As a result, Calico has delivered to Rockstar Resources a written notice of default advising, amongst other things, that Rockstar's right to purchase had come to an end and the initial down payment has become non-refundable and will be retained by Calico.

[coquitlam]

I guess my gut feeling that something smells fishy with this deal when you consider how undervalued was market cap/total $ for sale was unfortunately corect. It seems that you just can't trust anybody anymore in this junior markets.....

[bigbank91]

im also wondering why there was no news on the tsx while the stock dropped 40%. or a halt. CKB got to keep the 350K USD deposit and its gold. overall it just became a hold it will get back to .20 soon enough if you believe in gold and now it has 350KUS if your a tsx investor. overall investors only lost the opportunity to sell at around .20 and a ? after that. we at least know its back to the