| Reservoir Minerals Earn-In Partner Withdraws from Parlozi Option Agreement | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 23, 2015) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(RVRLF)(9RE.BE) reports that Midlands Minerals Corporation ("Midlands"), has given notice to terminate the Parlozi option agreement effective May 6, 2015. Simon Ingram, President and CEO stated: "We have been advised that Midlands are withdrawing for strategic reasons. All parties involved believe that the geological merits of the project have not changed and that it warrants further exploration. Reservoir will be actively searching for a new partner to test targets uncovered through ground magnetic survey, structural mapping and geological modeling completed by Midlands." About the Company Reservoir Minerals Inc. is an international mineral exploration and development company run by an experienced technical and management team, with a portfolio of precious and base metal exploration properties in Europe and Africa. The Company operates an exploration partnership business model to leverage its expertise through to discovery, and the license described in this News Release will be available for joint venture. Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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Reservoir Minerals Inc
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CODE : RMC.V |
ISIN : CA7611311019 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Reservoir Minerals is a development stage company based in Canada. Reservoir Minerals is listed in Canada. Its market capitalisation is CA$ 215.2 millions as of today (US$ 171.2 millions, € 158.3 millions). Its stock quote reached its lowest recent point on April 27, 2012 at CA$ 0.35, and its highest recent level on June 24, 2016 at CA$ 9.75. Reservoir Minerals has 48 690 000 shares outstanding. |