Graniz Mondal Inc.

Graniz Mondal Inc.

February 07, 2012 15:21 ET

Graniz Mondal Inc. Announces Termination of Option Agreement With Nightstar Resources Inc.

MONTREAL, QUEBEC--(Marketwire - Feb. 7, 2012) - Graniz Mondal Inc. ("Graniz") (NEX:GRA.H) announces the termination of the option agreement that it entered into with Nightstar Resources Inc. ("Nightstar") on June 30, 2011, as amended on September 27, 2011 and December 14, 2011 (the "Agreement"). Pursuant to the Agreement, Nightstar granted to Graniz the option (the "Option") to acquire a 60% undivided interest in a property owned by Nightstar in LaRonge, Saskatchewan.

Trading of Graniz's common shares was halted at Graniz's request while Graniz and Nightstar pursued discussions with respect to the Option. Graniz will contact the NEX and request that this halt be removed so as to permit trading of Graniz's common shares to recommence.

Management of Graniz has relaunched its search for an attractive business opportunity for a business combination, either in the mineral resource exploration sector or in another appropriate sector of the economy, that would provide Graniz and its shareholders a chance to participate in growth and achieve healthy returns.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The foregoing information may contain forward-looking statements relating to the future performance of Graniz Mondal Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Graniz's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Graniz with the TSX Venture Exchange/NEX and securities regulators. Graniz does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has passed upon the merits of the Original Agreement, Amending Agreement or any transaction contemplated thereby nor accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Graniz Mondal Inc.
    Richard-Marc Lacasse
    (418) 564-8834