July 22 (Reuters) - Cougar Metals NL CGM.AX :
* Withdrawal from shoal lake west gold project
* Canadian subsidiary, duport gold company limited, has withdrawn from option agreement to acquire the shoal lake west gold project
* Says pursuant to the option agreement, Cougar Metals NL was to have made further payments totaling C$6.2 million over a 3 year period
* Decision to withdraw from option agreement is consequence of prevailing market environment and inability to garner support from investment markets
* Source text for Eikon ID:nASX47T1nM