Rare Earth Industries Ltd V.RND

Termination of Letter of Intent With Lion Petroleu

[pitbul13]

Termination of Letter of Intent With Lion Petroleum --->@NEWS RELEASE RARE EARTH INDUSTRIES LTD. ("RND-V") - Termination of Letter of Intent With Lion Petroleum Rare Earth Industries Ltd. announces that, further to its announcement on December 6, 2011, the deadline for entering into the definitive agreement with Lion Petroleum Corp. has expired and the parties have elected not to proceed with the transaction contemplated in the letter of intent signed on December 5, 2011. The Company has a strong balance sheet and will continue to investigate market opportunities that will allow it to further enhance shareholder value in the near term. Trading on the TSX Venture Exchange will resume at the open of the market on Tuesday, April 17, 2012.

[Borison]

Wow...so what now? A graphite property acquisition? sheesh

[just28]

Halted all that time for that?!?!? What a freaking joke this company.......

[dd124]

im surprised nobody's sued these clowns yet. nothing but empty promises and tanking stock prices, all the way back to when it was a pathethic excuse for a tech company known as verb exchange. the only value that's ever created here are for the insiders who keep paying themselves handsome management / consulting/professional fees for doing jack sh t.  or the people that continue