SolGold disappointed by Cornerstone’s quick snub
Australian company SolGold on Friday expressed its frustration at the rejection of its planned bid for Canadian firm Cornerstone – a company that holds 15% of the Cascabel copper/gold project in Ecuador.
Cornerstone rejected the intended offer meant to consolidate SolGold’s ownership in Cascabel in record time. It took Cornerstone less than three hours to dismiss SolGold’s intentions in a press released lodged with the TSX at 09:52 EST.