Blue Vista Announces Termination of Transaction With SKA International Ltd.
December 01 2010 - 7:47AM
Marketwired Canada
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
(TSXV:BV.H)
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