GAA Acquisition Termination of Agreement
13/Mar/2009
The
Company wishes to advise that it has decided to terminate the Agreement
to purchase the Assets and Business of Geoscience Associates
(Australia) Pty Ltd (GAA). A condition precedent of financial closure
of this agreement was the completion of funding arrangements, including
bank financing, to the satisfaction of UXA. This condition has not been
fulfilled. In addition the last date for the issue of UXA shares as
part of the consideration is today 13th March 2009.
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