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KINGSTON RESOURCES LIMITED — Capital/Financing Update 2012
Apr 19, 2012
65206_rns_2012-04-19_31a5d51f-b800-4fc0-80ae-33cd0fdc053b.pdf
Capital/Financing Update
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ASX Announcement
20 April 2012
TERMINATION OF NEGOTIATIONS FOR ACQUISITION OF MAXXZONE
NuWorld Solutions Limited (“the Company”, ASX: NUW) advises that NUW and MaxxZone Pty Ltd (“MaxxZone’) have today terminated negotiations under the Term Sheet dated 24 October 2011 and NUW will not be proceeding to acquire an option over 100% of the issued capital of MaxxZone.
As part of the termination settlement, NUW will be issued with 75,000 ordinary shares in MaxxZone which represents 7.5% of the issued capital of MaxxZone.
The Directors advise that they are continuing to investigate alternative acquisition or investment opportunities for the Company.
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NuWorld Solutions Limited
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Suite 4, 72 Canning Hwy, Victoria Park, WA 6100 AUSTRALIA Tel +61 8 9355 2565 Fax +61 8 9355 2575 Email [email protected] Web www.nuworldsolutions.com.au
ABN 44 009 148 529