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TERMINATION OF THE AMENDED INVESTMENT AGREEMENT
AND THE SUBSCRIPTION AGREEMENT
Reference is made to the announcement of MIE Holdings Corporation (the ‘‘Company’’)
dated August 5, 2015 and the announcement of the Company dated November 10, 2015 (the
‘‘Announcement’’) in relation to the acquisition by Maple Marathon Investments Limited
(the ‘‘Investor’’) of certain interest in, and warrants issued by, Long Run Exploration Ltd.
(the ‘‘Target Company’’) and certain joint venture arrangements in respect of Asia Maple
Ventures Limited. Unless otherwise specified, capitalised terms defined in the
Announcement shall have the same meanings when used in this announcement.
This announcement is made pursuant to Rule 14.36 of the Listing Rules.
TERMINATION OF THE AMENDMENT INVESTMENT AGREEMENT
Upon due consideration by the Board and discussion with our JV Partner in respect of the
continuous volatility and uncertainty of the global commodity price outlook, the Investor,
the Company and the Target Company terminated the Amended Investment Agreement by
mutual written consent with effect from 4:00 p.m. on December 18, 2015 (Calgary time).
Upon termination of the Amended Investment Agreement, none of the Target Company, the
Investor and the Company will have any further obligation to the others with respect to the
Long Run Acquisition. No Target Company Termination Fee or Target Company
Reimbursement Fee is payable by the Target Company to the Investor, and no Investor
Reimbursement Fee or any other fee or expense is payable by the Investor to the Target
Company, except that the Target Company and the Investor have agreed to share, in equal
share, the filing fee of C$50,000 (equivalent to approximately HK$291,000) payable in
respect of the filings made under the Competition Act.
https://www.mzcan.com/hongkong/01555/announce/265/EN/LTN20151220035_666NcEbUt6mj.pdf
As Always; Do Your Own Due Diligence; It’s Your Money !!