Business News • MarketWire • Termination of Acquisition Agreement to Acquire Promitheas Int'l Ltd. |
Termination of Acquisition Agreement to Acquire Promitheas Int'l Ltd. |
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Termination of Acquisition Agreement to Acquire Promitheas Int'l Ltd.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2016) - Universal Ventures Inc. ("Universal") (TSX VENTURE:UN) announces that further to its news releases of July 16, 2015, November 6, 2015 and June 24, 2016, the acquisition agreement dated June 22, 2016 with Promitheas Int'l Ltd. ("Promitheas", a private United Kingdom company) and its shareholders pursuant to which Universal was to acquire all of the issued and outstanding shares of Promitheas (the "Proposed Transaction") has been terminated in accordance with its terms as the Proposed Transaction did not complete by September 30, 2016.
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