Reservoir Minerals Earn-In Partner Withdraws from Parlozi Option Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 23, 2015) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(RVRLF)(9RE.BE) reports that Midlands Minerals Corporation ("Midlands"), has given notice to terminate the Parlozi option agreement effective May 6, 2015.
Simon Ingram, President and CEO stated: "We have been advised that Midlands are withdrawing for strategic reasons. All parties involved believe that the geological merits of the project have not changed and that it warrants further exploration. Reservoir will be actively searching for a new partner to test targets uncovered through ground magnetic survey, structural mapping and geological modeling completed by Midlands."
About the Company
Reservoir Minerals Inc. is an international mineral exploration and development company run by an experienced technical and management team, with a portfolio of precious and base metal exploration properties in Europe and Africa. The Company operates an exploration partnership business model to leverage its expertise through to discovery, and the license described in this News Release will be available for joint venture.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
