Expedition Mining Inc.: Letter Of Intent With MMJ Medical Marijuana Solution Terminated
06.03.2015 | vom Unternehmen
Vancouver, March 6, 2015 -- Expedition Mining Inc. (TSX-V: EXU) (the "Company") announces that it has reached agreement with MMJ Medical Marijuana Solutions Inc. ("MMJ") to terminate the letter of intent whereby Expedition was to acquire all of MMJ's interest in certain intellectual property. (See news release dated February 26, 2015.)The decision was reached by both parties mutually agreeing not to proceed with the proposed transaction.
The Company also announces that it will not be proceeding with the private placement announced in conjunction with the proposed acquisition.
"Notwithstanding the termination of the LOI with MMJ, Expedition is proceeding with its application to list its shares on the Canadian Securities Exchange and will concurrently delist from the TSX Venture Exchange," said Bill Galine, President of the Company.
Expedition Mining Inc. (TSX-V: EXU) is a publicly held Canadian company. For additional information concerning Expedition Mining Inc., please visit Expedition's website at www.expeditionmining.com.
ON BEHALF OF THE BOARD:
(signed) "William Galine"
President & Chairman of the Board, Expedition Mining Inc.
For further information contact:
Expedition Mining Inc.
William Galine
Telephone: (775) 737-3292
Email: bgaline@expeditionmining.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.