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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Functional Technologies Corp FEBTF

Healthcare Biotechnology


GREY:FEBTF - Post by User

Functional Technologies Corp
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Post by Tommer3on Nov 01, 2012 8:51pm
203 Views
Post# 20552891

Interesting - could be due recent NEWS?

Interesting - could be due recent NEWS?

Functional cancels planned spinout

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2012-11-01 20:13 ET - News Release

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Mr. Christopher Morris reports

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FUNCTIONAL TECHNOLOGIES REPORTS TERMINATION OF PROPOSED TRANSACTION

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Functional Technologies Corp. has terminated the spinout agreement announced on July 19, 2012, regarding the proposed sale of Phyterra Bio Inc. and Maritime Pulse Drying Inc., as well as certain assets of Phyterra Yeast Inc., due to certain conditions precedent, including government agency approval, not being satisfied or waived. The company is reviewing alternative strategies regarding the non-core assets that were the subject of the spinout agreement in furtherance of streamlining its operations and focus.

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