Banks Island Gold Ltd. cancelled the transaction announced on December 1, 2015

Banks Island Gold Ltd. is a Canada-based natural resource company. The Company is a gold producer with its operating mine in British Columbia, Canada. The Company is also engaged primarily in the acquisition, exploration, development and operation of mineral properties. The Company holds interest in Yellow Giant mineral property. The Yellow Giant mineral property consists of approximately 35 mineral claims or approximately 15,715 hectares located on Banks Island in North-Western British Columbia. The Yellow Giant mineral property is approximately 110 kilometers south of the city of Prince Rupert in the Skeena Mining Division of British Columbia.