December 20, 2013 15:30 ET
MDN Inc. and Tanzania Minerals Corp. Agree to Not Further Advance Ikungu Letter of Intent
MONTREAL, QUEBEC–(Marketwired – Dec. 20, 2013) – MDN Inc. (“MDN”) (TSX:MDN) announces that it and Tanzania Minerals Corp. (“TZM”) have mutually decided to not enter into a definitive agreement to jointly explore and develop the Ikungu gold project in Tanzania. As a result both parties have decided to let the Letter of intent dated October 15, 2013 expire.
MDN Inc. (TSX:MDN) is a mining exploration and development company with properties in Quebec and Tanzania. In Quebec, MDN holds a 72.5% interest in Crevier Minerals Inc., which owns an NI 43-101 niobium-tantalum resource that is presently undergoing a feasibility study.
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