Friday November 7, 2:25 pm ET CALGARY, AB--(MARKET WIRE)--Nov 7, 2008 -- Royal Quantum Group, Inc. (OTC BB:RYQG.OB - News ) -- The company has completed its review of the engineering evaluation on the Ohio Oil & Gas property acquisition. The 3rd party engineering evaluation has identified certain inaccuracies in the data provided to the company by the land owner. As a result of this, management has determined it is not in the best interest of the company to continue with the project and has notified the landowner of its intent not to pursue the acquisition. The company has also demanded the immediate return of the funds and stock issued to the...
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