GoldQuest Mining Corp. says it has reached a deal to scrap its proposed merger with Takara Resources Inc. announced in September.
The junior Vancouver miner did not say Friday why the deal collapsed.
The merger would have seen GoldQuest and Takara combine their mining assets, expanding their business, which includes early stage gold production in the Caribbean.
GoldQuest is a Vancouver-based junior with projects in Spain and the Dominican Republic.
Takara is a Toronto-based gold company focused on exploring and developing its Guyana gold assets in northern South America.