A reason that game probably wasn't pursued by Nintendo was that it was received so terribly when it came out, they didn't have to worry about it being a reskin of the Zelda build. Also while it is an obvious reskin, the story while flimsy and stupid as fuck is different enough, and nobody's going to confuse it for Zelda. It was and has been noted as a Rip off since it was released, and is also one of the rarest games to even find on the system. Nintendo didn't, and doesn't have to worry about losing sales to it.
It was torn to shreds by reviewers, and people who enjoyed the original Golden Axe series, which it was an adaptation of.
It was torn to shreds by reviewers, and people who enjoyed the original Golden Axe series, which it was an adaptation of.