Moydow Mines fka MOY

[Ed Monton]

Here is a post from Stockhouse. Sounds positive.

I asked if there is an expiry date for the letter of intent and if the deal will be materialized. The reply was no expiry date and they are working on the agreement and details. They considered themself to be well advance and everything must go.
I personally did three acquisition invloving the process of letter of intent, due diligence, final purchase and sell agreeemnt and determination of closing date. There are quite of number of parties involved and mainly the lawyers and key personnel of both sides controlling the progress. It is common that the due diligence got extended if there is any materail finding which may alter the initial agreed value. There is no deadline for this type of transaction in particular that they are partners. I speculate that they will try to achieve the conclusion of the deal by the end of the month.


http://www.stockhouse.ca/bullboards/viewmessage.asp?no=6507313&t=0&all=0&TableID=0