Khalkos and Sirios Cancel Agreement for Hipo Property

By Midnight Trader,  August 20, 2012, 02:40:58 PM EDT

Khalkos Exploration Inc. (KAS.V) and Sirios Resources Inc. (SOI.V) have cancelled an agreement which would have allowed Khalkos to acquire a 50% interest in Sirios' gold property Hipo in Quebec.

Both boards of directors judged that it would be more beneficial for each company to cancel the transaction, the two firms said in a joint statement.

The Hipo property consists of 63 claims separated in three non-adjacent blocks located at around 50 kilometres south of the LG-4 hydroelectric complex in James Bay, Quebec. The property is centered on a volcano-sedimentary belt that has undergone little or no exploration until now.

KAS shares were up half-a-cent at $0.07.

SOI shares last traded at $0.025.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Obama Orders Federal Aid to OK
Obama Orders Federal Aid to OK      
KFC Being Smuggled Into Gaza
KFC Being Smuggled Into Gaza        


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.51 0.08  0.60%
RAD $ 2.80 0.01  0.36%
CSCO $ 23.94 0.30  1.24%
MSFT $ 35.06 0.19  0.54%
WCRX $ 19.60 0.39  2.03%
SIRI $ 3.49 0.01  0.29%
FB $ 25.76 0.49  1.87%
S $ 7.29 0.03  0.41%