An anonymous director reports
NEVADA CLEAN MAGNESIUM AND SCANMAG AS OF NORWAY DELAY CLOSING
Nevada Clean Magnesium Inc., on Oct. 15, 2013, entered into a binding letter of agreement (BLA) with ScanMag AS, a Norway-based industrial minerals company, to form a new joint venture partnership and for ScanMag to acquire a 19.9-per-cent equity interest in the company. Closing of the transaction has been extended. Certain aspects of the transaction are still being clarified. The parties are in discussions and the company hopes a conclusion will be reached soon. The company will announce any updated material developments.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.