OTCPK:NGMBF - Post by User
Post by
Perform4uon Sep 30, 2008 9:57am
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Post# 15493561
NR of Sept 10
NR of Sept 10Should I assume that news will be out after the bell today...if the closing is on September 30th at 5:00pm PST ....that would be 8:00pm EST... otherwise the NR would have indicated before 5:00pm PST
Under the terms of the MOU, NAG intends to purchase 100% of the outstanding shares in ACC pursuant to a share exchange and other consideration. The closing will occur on or before September 30th 2008 at 5:00 pm PST and is subject to obtaining all necessary consents, approvals and other authorizations of any regulatory authorities, shareholders or third parties. Speaking from the 47th Canadian Conference on Coal in Calgary Mr. Charles Desjardins, President of North American Gem Inc. said, “The potential acquisition of Appalachia Coal Corp. is one of many excellent coal industry opportunities that have been brought to the Company since its recent involvement in coal exploration. The company is committed to looking at opportunities that will enhance shareholder value.”
perform4u