Tajiri Resources (TSX-V:TAJ) has announced that following a recent meeting of its board of directors it has terminated its previously signed letter of intent (LOI) with Nebula Resources to acquire the Gargantuan and Epeius projects in Guyana.
The company said in a statement that due to certain developments in the regions where the projects are located in Guyana, it decided that the agreement no longer reflected accurate value for the transaction.