orea minings shares rallied tuesday after the canadian company dropped plans to buy the outstanding stake in a french gold project after the canadian government effectively blocked the deal in morning trading the stock was 25 higher at c003 narrowing its yeartodate decline to 74 orea said it formally terminated the planned acquisition from nord gold of an additional 55 interest in the montagne dor project in french guiana after it and its legal advisers concluded there were no conditions under which canada would approve the purchase orea had expected to close its proposed deal in late february but it was delayed due to sanctions imposed by the canadian government on nord golds russian controlling shareholders orea remains the owner of a 45 interest in the montagne dor gold project and said it is currently assessing its options going forward last week orea said it had concerns about its ability to meet obligations as they become due and because of the delays in gaining approval for the acquisition from the canadian government department responsible for matters related to sanctions it had a significant working capital deficit and worries about its solvency