Capricorn/ Caldera Geothermal agreement update
Capricorn Business Acquisitions Inc, updates on the acquisition of all issued and outstanding securities of Caldera Geothermal Inc and extends exclusivity period.
In a release, Capricorn Business Acquisitions Inc. (TSX VENTURE: CAK.P), a capital pool company which entered into a previously announced letter agreement dated March 30, 2010 with Caldera Geothermal Inc. to acquire all of the issued and outstanding securities of Caldera, is pleased to announce that the Parties have agreed to extend the exclusivity period initially set out in the Agreement to March 31, 2011.
The aforementioned transaction will constitute Capricorn’s qualifying transaction (the “Qualifying Transaction”) under the policies of the TSX Venture Exchange. The proposed Qualifying Transaction does not constitute a Non-Arm’s Length Qualifying Transaction (as such term is defined in the Exchange policies).
The principal terms of the Qualifying Transaction are summarized in the actual release, see link below.
Source: Release via Digital Journal