"While we are disappointed that HSVW did not fulfill terms of the agreement as well as certain business obligations commensurate with the agreement, we are now poised to address the full potential of existing opportunities in Cameroon and other markets," said Cardinal Resources CEO Kevin Jones. "This is an upbeat development that will protect our IP in international markets. We are on track in cleaning up our balance sheets and making progress toward becoming a fully-reporting public entity again."
http://ir.cardinalres.com/press-releases/detail/89