A deal whereby three major shareholders in Nahanni Mines (TSE) had agreed to sell W.F. Christensen, president of Lytton Minerals (TSE), 1.5 million Nahanni shares has been cancelled. Under the agreement Christensen was to supply Nahanni with a block of mineral claims in the Northwest Territories in exchange for the issuance of further Nahanni shares.
The deal was terminated on Dec. 17 when Christensen informed the company that he was unable to deliver the claims.
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