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References in periodicals archive ?
16 /CNW-PRN/ - Boliden Limited announced today that NGMT Resources Limited has been unable to obtain the funding commitments necessary to complete its agreement to acquire Boliden's Gibraltar Mine near Williams Lake, BC.
Under the acquisition agreement NGMT was required to secure financing commitments sufficient to enable it to purchase one-half of Gibraltar's net working capital (approximately $4 million) and to operate the mine for at least the next four years.
Boliden and NGMT worked long and hard to put together a deal that would see the continued operation of the mine under the new management group and on a viable basis.