BRIEF-Galway terminates Victorio agreement

Tue May 3, 2016 6:16am EDT
 
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May 3 (Reuters) - Galway Metals Inc

* Galway terminates victorio agreement

* Co will also not make payments due 2017 on victorio project or final payment of us$900,000 in 2018

* Due to unfavorable market conditions and depressed molybdenum and tungsten prices, co will not make $75,000 payments due june 1, 2016 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)