Dec 14 (Reuters) - Mart Resources Inc MMT.TO :
* Mart and Delta oil terminate arrangement agreement and private placement with
Delta oil
* Due to prevailing market and industry conditions, Mart and Delta oil Nigeria
B.V. mutually agreed to terminate the arrangement
* Company and Delta have also mutually agreed that Delta will not proceed with
the previously announced private placement of units
* Intends to continue to examine and consider strategic alternatives available to the company to maximise shareholder value
* Source text for Eikon ID:nMKWq7hdZa
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