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Provider: Reuters Investment Profile
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Far Vista Interactive Corp Signs Letter Of Intent Towards Acquisition


Wednesday, 23 Jan 2013 12:50pm EST 

Far Vista Interactive Corp announced that it has signed a Letter of Intent with CJSC Chedty Neft Neft by which it intends to acquire its outstanding shares. Chedty Neft Neft is an oil producer with proven oil reserves in the Federation of Russia. The parties have previously exchanged pertinent documents and information as part of a general due diligence process. Upon the satisfaction of all parties, a formal Agreement should be signed within a few weeks. Terms of the transaction were not disclosed. 

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