Subsequent to announcing the Transaction and associated financing, an issue arose concerning the topographic information that was used in the estimation of the Mercur Inferred Mineral Resource estimate. Ensign has acknowledged the issue to Taura; however, the parties have different perspectives on its effect on the resource. Unfortunately, Taura and Ensign have not been able to reach a mutually agreeable position on how to advance the proposed transaction.
Consequently, Taura and Ensign have mutually agreed to terminate the proposed transaction and associated private placement financing. Taura appreciates the substantial support received for the financing, including a number of former Roxgold Inc. shareholders. All funds received from subscribers will be returned as soon as possible.
Email: info@tauragold.com
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