SolidusGold Inc.

August 04, 2015 09:29 ET

SolidusGold Inc. Terminates Option Agreement to Acquire Wind Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - SolidusGold Inc. ("Solidus" or the "Company") (TSX VENTURE:SDC) announces that the Company has terminated its previously disclosed Option Agreement to acquire the Wind Mountain Property in Nevada, USA. Unfortunately, due to persistently poor market conditions and continued erosion of the gold price, the Board of Solidus has decided not to continue with the acquisition of the Wind Mountain Property.

Ken Collison, Interim CEO of Solidus, said, "Given the sustained poor market conditions, the Board feels that shareholder equity can best be preserved by passing on this mid-stage exploration opportunity at this time. We will continue to evaluate opportunities that meet our objectives to position the company for when the gold market improves."

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