Constantine Metal Resources Ltd. (CEM.V) said that since announcing a non-binding letter agreement on November 5, 2012, which outlined principal terms and conditions, Dowa and the company have made considerable and positive progress towards finalizing the joint venture agreement.
To accommodate internal schedules for board approvals, Dowa and Constantine have mutually agreed to extend the deadline for concluding the agreement, and are currently targeting January for completion and signing.
CEM jumped 14% to 8 cents in moving closer to year high 12 cents.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
