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BCGold's acquisition of Gorilla's Wels gold project canceled

BCGoldCorp. said March 28 that the definitive deal to 's gold property inCanada's Yukon Territory will not proceed.

Gorilla Minerals will not agree to an extension of the March31 deadline to close the agreement, even though the extension was intended to accommodatethe April 12 schedule of Gorilla's shareholder meeting to approve thetransaction, the company said.