OSLO, Norway, Sept. 3 /CNW/ - Wega Mining ASA has decided not to proceed
with the proposed second tranche of the investment of C$8,000,000 in common
share purchase units in Tagish Lake Gold Corp (TSX-V: TLG), as described in
the Company's news release of June 26, 2007.
Wega Mining has determined, after review of the technical information,
that Tagish's project does not meet the size and other investment criteria set
by the company. Wega Mining has advised that there were no significant issues
with the legal and financial aspects of the Company or mineral resource
estimates of the project.
"We continue to evaluate our alternatives for acquisitive growth, with
significant value creation potential for our shareholders," said Lars Marius
Furu, CEO of Wega Mining ASA.
For further information:
For further information: Investor Relation contact: Sverre Slattsveen,
CFO, +47 23 16 01 00