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Annica Holdings Ltd Enters Into Non-Binding Letter Agreement With LionGold Corp Ltd


Monday, 10 Sep 2012 06:24am EDT 

Annica Holdings Ltd announced that the Company has entered into a non-binding letter agreement with LionGold Corp Ltd (LGC) in which the Company has been granted an exclusive period of up to September 30, 2012 to negotiate the proposed acquisition of LGC’s interests in Industrial Power Technology Pte Ltd (Industrial Power), or such part thereof, on terms to be agreed. No indication of consideration or other terms has been agreed between the Company and LGC. The Company also added that no agreement or binding agreement has been entered into with LGC and the non-binding letter agreement does not oblige either the Company or LGC to enter into any agreement relating to the proposed acquisition of LGC’s interests in Industrial Power on or before September 30, 2012 or any other date. 

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