11:47 AM EST - Pitchblack Resources Ltd. : has mutually agreed with Crocodile Gold Corp. to terminate the option agreement whereby Pitchblack would have acquired a 90% interest in mineral tenements located in the Northern Territory of Australia. The option agreement provided for cash payments on closing and substantial spending over the next 24 months that the Company does not believe would be in the best interests of shareholders in today's challenging capital markets. Pitchblack Resources Ltd.
shares V.PIT are trading unchanged at $0.03.
