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Albedo Ltd Announces Lapse Of MOU With Coeur Gold Armenia Ltd


Friday, 16 Aug 2013 08:07am EDT 

Albedo Ltd announced that it has signed a MOU with the Vendor, pursuant to which it is proposed that the Company will acquire 100% of the entire issued share capital of the Coeur Gold Armenia Ltd (Target) held by the Vendor. This was followed by an announcement on July 12, 2013 to extend the date of signing the Definitive Agreement to on or before August 15, 2013, or such other later date as the Parties may agree in writing. The Board announced that the MOU has lapsed and ceased to be effective as the Company and the Vendor were unable to reach a consensus on the terms of the Definitive Agreement within the agreed deadline. 

Company Quote

0.014
-0.0010 -6.67%
23 Sep 2014