other material
confidence high
sentiment neutral
materiality 0.55
Star Gold terminates LOI with Romios; will focus on Longstreet Property
Star Gold Corp.
- Announced May 5, 2025: no longer pursuing the Scossa/Kinkaid acquisition from Romios.
- Original LOI (Feb 28, 2025) would have given Romios 60% of Star Gold after 10:1 rollback.
- Deal required $1.5M capital raise; now abandoned to focus on Longstreet project.
- Star Gold (SRGZ) had entered non-binding LOI for Romios' Nevada gold/silver/copper properties.