Aur Resources Inc. and Inmet Mining Corporation Agree to Terminate Merger Agreement.TORONTO -- Aur Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AUR) and Inmet Mining Corporation (TSX:IMN IMN Iraqi Media Network IMN Indicated Mach Number IMN Inter Member Network IMN Infectious Mononucleosis IMN Invisible Moose Network (website) IMN Illegal Macro Name IMN Internet Marketing Newsletter ) announce today that they have mutually agreed to terminate their merger agreement entered into on May 4, 2004. "While we are disappointed that the merger will not proceed as originally envisaged, Aur's strong working capital position and mining assets, which have made it Canada's leading pure copper company, remain in place and will continue to provide a sound platform for Aur to execute its growth strategies" stated Dr. James W. Gill, Aur's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Dr. Gill added that, while each of Aur and Inmet considered it was in their respective best interests to terminate the merger, they are parting on amicable terms, there were no technical or financial findings identified in the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. which led to the decision, and that no termination fees are payable by either party resulting from the termination of the merger agreement. |
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