Definitive Agreement Clarification You guys need to pay attention to what the NR actually states!
It does NOT state the deal will close on Feb 19th, it actually says the definitive agreements will close
on or around Feb 19th. That means several days before or several days after. So don't get your panties in a bunch if by Feb 19th it's not closed yet.
ST-GEORGES ECO-MINING ANNOUNCES AMENDMENT TO THE LETTER OF INTENT BETWEEN ITS SUBSIDIARY ZEU CRYPTO NETWORKS INC. AND TIANDE
St-Georges Eco-Mining Corp. has amended its previously announced letter of intent dated Jan. 12, 2018, relating to an asset acquisition between its subsidiary, ZeU Crypto Networks Inc., and Qingdao Tiande Blockchain Information Technology Co. Ltd. The general terms of the LOI, which referred to Qingdao Tiande Technologies Ltd. instead of Qingdao, were previously announced by press release dated Jan. 15, 2018.
ZeU, Qingdao and Beijing Tiande Technologies Inc. (collectively with Qingdao, Tiande) entered into the amendment to the LOI, which has extended the date by which the parties will conclude the execution of a definitive agreement on or around Feb. 19, 2018, or such later date as may be mutually agreed upon by the parties. The proposed acquisition is subject to a number of terms and conditions, including, but not limited to, the completion of a concurrent financing not less than $10-million and up to $30-million that can be done in tranches and the receipt of all necessary regulatory, corporate and third party approvals.