Resources round-up: Athol, Vatukoula, Connemara and Polo

Athol Gold & Value has announced that it has decided not to go ahead with its reverse takeover of Oilbarrel.com and has issued notification to Rivington Street Holdings terminating the acquisition process with immediate effect.

Athol Gold & Value has announced that it has decided not to go ahead with its reverse takeover of Oilbarrel.com and has issued notification to Rivington Street Holdings terminating the acquisition process with immediate effect.

Under the terms of the heads of agreement, RSH is due to repay the £575,000 deposit, plus accrued interest, as soon as possible but not later than September 18th 2012. Athol will retain a charge over the shares and the assets of Oilbarrel until the deposit is repaid in full. As the acquisition of Oilbarrel is no longer being considered, the suspension of the ordinary shares in Athol on AIM have been lifted.

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