09:58 AM EST - Lions Gate Metals Inc. : announced that it and AusNiCo have agreed to terminate the proposed merger agreement, due to lengthy due diligence and regulatory delays, a blockade at LGM's proposed drill program site and market volatility. Despite the best efforts of LGM, the conditions, precedent to the merger between the two companies, have not been satisfied and the parties have agreed to terminate their agreement, LGM said. Both companies will pursue alternative funding sources for their respective projects. Lions Gate Metals Inc.
shares V.LGM are trading even at $0.73.
