Lode-Star Mining Inc. cancelled the acquisition of assets used in connection with the business from Sapir Pharmaceuticals Inc.
Lode-Star Mining Inc. (OTCPK:LSMG) completed the acquisition of assets used in connection with the business from Sapir Pharmaceuticals Inc on December 28, 2021. On June 6, 2022, Lode-Star Mining Inc. and Sapir entered into Rescission Agreement and agreed to rescind the acquisition due to circumstances beyond either party's control. In connection with the rescission, On June 8, 2022, LSG reinstated $2.2 million in debt owed to LSG that was previously forgiven under the Settlement Agreement.