Sabre Graphite Corp. Terminates Acquisition of StarClub, Inc.
18.11.2014 | Marketwire
CALGARY, Nov 18, 2014 - Sabre Graphite Corp. ("Sabre" or the "Corporation") (TSX VENTURE:SAG) announces, further to its news releases of February 12, 2014 and May 30, 2014, it has terminated the agreement to acquire all the issued shares of StarClub, Inc. The agreement is being terminated as StarClub, Inc. has received an alternative proposal. As part of the termination agreement, Sabre will receive a termination fee.The Corporation expects that on or about November 20, 2014 its shares will resume trading through the facilities of TSX Venture Exchange.
The Corporation will begin to evaluate opportunities. Sabre currently has working capital of approximately $2,200,000, after the payment of the termination fee, and no debt
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
Contact
Sabre Graphite Corp.
Dave Antony, CEO
(403) 531-1710
dantony@sabregraphite.com