Zara Terminates Agreement to Acquire Fox Automotive
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Toronto, Ontario (FSCwire) - Zara Resources Inc. (CSE: ZRI) ("Zara" or the “Company”)
announces that it will not proceed with the acquisition by Zara of all the issued share capital of Fox Automotive Switzerland AG,
(“Fox”), and has terminated the acquisition agreement with Fox.
Zara will also not proceed with the proposed acquisition of Magnum Korea Ltd pursuant to a Letter of Intent announced on
September 19th, 2017.
Zara will now seek to acquire other mineral properties and investigate other business opportunities.
About Zara Resources
Zara is a Toronto based mineral company publicly listed on the Canadian Securities Exchange. For further information contact
Danny Wettreich at (647) 931 9768 or dw@zararesourcesinc.com or see www.ZaraResourcesInc.com
Forward-Looking Information: This press release may include forward-looking information within the meaning of
Canadian securities legislation, concerning the business and trading in the common stock of Zara Resources Inc. The
forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the
company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue
reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove
to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any
intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or
results or otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.
To view the associated document to this release, please click on the following link:
public://news_release_pdf/Zara02062018.pdf
To view the original release, please click here
Source: Zara Resources Inc. (CSE:ZRI)
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