Prima Fluorspar Corp. Terminates LOI to Acquire Fluorspar Mining Company Owned by Affiliates of Firebird Management LLC
15.05.2014 | vom Unternehmen
Vancouver, May 15, 2014 - Prima Fluorspar Corp. (TSX-V:PF) ("Prima" or the "Company") announces that it has terminated further negotiations regarding a non-binding letter of intent dated August 30, 2013 with an affiliate of New York-based Firebird Management LLC ("Firebird") to purchase 99.8% ownership stake in Berkh Uul JSC (Mongolian Stock Exchange: BEU; Bloomberg code: BEU MO; "Berkh Uul"), which owns the high grade, large resource Delgerkhaan fluorspar mine ("Delgerkhaan") in the Khentii Province of Mongolia.The transaction would have been a reverse takeover (RTO) of Prima by Firebird, and Prima's stock was halted from trading on the TSX Venture Exchange since the letter of intent was announced in early September, 2013.
Trading in the shares of Prima will recommence upon the TSX Venture Exchange reviewing this news release and any conditions of the TSX-V being fulfilled.
For more information about Prima please visit http://primafluorspar.com or contact:
Tyler Lowes, Corporate Communications
Tel: 604.681.1568
Email: tlowes@primafluorspar.com
ON BEHALF OF THE BOARD PRIMA FLUORSPAR CORP.
"Robert Bick"
Robert Bick, President and CEO
Tel: 604.681.1568
rbick@primafluorspar.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.