Haber Systems (HABE) ceases in Ghana, ceases trading
Haber Systems failed to maintain properly audited finanicial statements by SEC standards, and so got deregistered and delisted. It also terminated gold activities in Ghana. From the announcement:
"IV. Termination of Ghana Activities
The Company also announces that all project development activities in Ghana have been terminated, including the Company’s joint venture with Etruscan Resources Inc. Under the terms of the joint venture agreement, Etruscan conducted preliminary explorations of the Ghana concessions but the areas investigated did not show sufficient potential to warrant further evaluation, and Etruscan relinquished its 50% joint venture interest in the Ghana concessions to Haber. Haber has concluded, based on the initial exploration results and the significant financial maintenance requirements, that it was not prudent to continue holding the Ghana concessions, and the Company has therefore relinquished them. Unlike Zimbabwe, however, Haber remains interested in considering mining opportunities in Ghana, and intends to pursue suitable opportunities in the country when presented and as Company time and resources permit."
