CellCube Energy Storage Systems extends non-binding letter of intent agreement with Regency Gold.
International Resource News-April 8, 2019--CellCube Energy Storage Systems extends non-binding letter of intent agreement with Regency Gold
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International Resource News - 08 April 2019
CellCube Energy Storage Systems Incorporated (CSE: CUBE)(CSE: CUBE.CN) (OTCQB: CECBF) (Frankfurt: 01X) (WKN: A2JMGP) has extended the non-binding letter of intent agreement with Cananda-based Regency Gold Corporation (RAU.H TSX V) to May 15, 2019.
Both firms signed an Extension Agreement of the LOI for the purpose of a business combination.
The Extension Agreement dated April 2, 2019 will enable the firms to agree that they have until 1700 hours (Eastern Time) on May 15, 2019 to conduct due diligence on each other and the transaction in accordance with the terms of the LOI. The completion of the business combination is subject to a number of conditions, including the receipt of all required regulatory and third-party consents, including the approval of the TSXV, and the satisfaction of other customary closing conditions.
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