Terminate Arrangement Agreement Sample Contracts

NWT URANIUM CORP. AND NU-MEX URANIUM CORP. TERMINATE ARRANGEMENT AGREEMENT
Terminate Arrangement Agreement • February 19th, 2008 • Nu-Mex Uranium Corp. • Metal mining

ALBUQUERQUE, NM / VANCOUVER, BC / February 13, 2008 - Nu-Mex Uranium Corp. ("Nu-Mex") and NWT Uranium Corp. ("NWT") announced today that as a result of market circumstances the companies have mutually agreed to terminate the arrangement pursuant to which Nu-Mex was to acquire 100% of the securities of NWT pursuant to a court approved plan of arrangement (which was previously announced on December 20, 2007). NWT and Nu-Mex have signed a termination and mutual release agreement pursuant to which each party released the other from all liabilities and obligations relating to the arrangement.

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.