Blue Vista Announces Termination of Transaction With SKA International Ltd.
December 01 2010 - 8:47AM
Marketwired
Blue Vista Technologies Inc. (TSX VENTURE: BV.H) announces that the
merger transaction between Blue Vista Technologies Inc. (the
"Company) and SKA International Ltd. ("SKA") detailed in the press
release of November 5, 2009, has been terminated. TAG has agreed to
pay a breach fee of $25,000 in connection with the termination of
the transaction.
The Company will now focus on identifying new opportunities for
the Company and will attempt to settle outstanding indebtedness and
raising funds by way of private placement in an effort to
strengthen its balance sheet.
Shares Outstanding: 3,626,882
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.
Contacts: Blue Vista Technologies Inc. Alex Falconer (905)
332-9693 (905) 332-9792 (FAX) falconer@bluevista.com
www.bluevista.com
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