Carolina Capital Corp. (TSXV:CQC) Receives Payment from IMG Gold Recovery Inc.
02 April 2016 - 7:01AM
PR Newswire (Canada)
/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
VANCOUVER, April 1, 2016 /CNW/ - Carolina Capital Corp.
("Carolina") (TSX Venture: CQC) reports that Carolina has received
$50,000 from IMG Gold Recovery
("IMG") and they have mutually agreed to terminate the addendum
dated July 24th, 2014
whereby Carolina had advanced a sum of $50,000 to IMG for capital expansion of IMG's
pilot plant in Burnaby BC in
exchange for a precious metals revenue sharing arrangement.
No precious metals revenues were derived from the Burnaby plant and no other payments have been
received from IMG.
Neither the payment of the sum of money nor anything contained
in the Settlement Agreement shall be construed as an admission of
liability by either party.
ON BEHALF OF THE BOARD:
"Suzanne Wood"
Suzanne Wood
Director
Neither the TSX Venture Exchange Inc. nor its regulation
services provider (as that term is defined in the policies of The
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Carolina Capital Corp.
Copyright 2016 Canada NewsWire
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