Motapa Announces Termination of BHP Billiton Alliance

From: CCNMatthews Newswire | Date: December 27, 2006 | Copyright information

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 27, 2006) - Motapa Diamonds Inc. (TSX VENTURE:MTP) announces that the Exploration and Farm-In Option Agreement between Motapa and BHP Billiton (the 'Agreement') has terminated effective immediately. Under the Agreement, BHP Billiton retained an option to back into and earn a majority interest in Motapa's African mineral interests on pre- negotiated terms. In addition, Motapa was subject to certain obligations to BHP Billiton with regard to the ...

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