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Tuvatu deal cancelled

ALCASTON Mining’s drawn out acquisition of the Tuvatu gold project in Fiji may be heading for the courts after vendor Emperor Mines decided not to extend the purchase date past the end of the month, cancelling the transaction.

Ben Sharples

According to Alcaston, Emperor declined to extend the date of acquisition until the end of February citing “circumstances had changed” “They [Emperor] were not convinced there was sufficient support...

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