No one posted termination news?????????????
SANTO Issues an Immediate Termination to HTX Nong Thuy Huu Co Xanh, aka ASAMA VietnamFont size: A | A | A
9:06 AM ET 12/3/18 | Dow Jones
HO CHI MINH CITY, VIETNAM / ACCESSWIRE / December 3, 2018 / Santo Mining Corp. (the "Company"), (OTC PINK: SANP) today announces that the company has elected to immediate terminate its agreement immediately with HTX Nong Thuy Huu Co Xanh, aka ASAMA and that its Law Firm in Ho Chi Minh City Vietnam; ANT Consultants & Lawyers have issued the noticed of immediate termination letter to ASAMA including there three Directors Mr. Dao Thanh Duc, Mr. Luong Anh The & Mr. Phan Dung Van, terminating the agreement immediately.
Under the Plan of Exchange Agreement; dated and executed on April 30th, 2018, by and among SANTO MINING CORP., and HTX Nong Thuy Huu Co Xanh, a.k.a. "ASAMA." ASAMA was obligated to pay SANTO for an PCAOB Audit, up-listing to fully reporting status on the OTCQB and the development of a 100,000Th/s mining facility in North America, estimated investment amount over $2,000,000USD.
ASAMA has failed to fulfilled its financial obligations and under the accordance with section (6) "Merger Clause" in the event of a monetary default of section (3) "Transaction Descriptive Summary" ASAMA has 14 calendar days to remedy the default or the entire agreement will become immediately null and void and all exchanged shares, common stock or preferred "A" shares will be surrendered back to Santo Mining Corp.
On November 19th, 2018 a "NOTICE OF DEFAULT AND DEMAND", was issued, pursuant to the terms and conditions of the Plan of Exchange Agreement. The company; nor the company's attorneys, have received any noticed of remedy from ASAMA. Under the terms of the Agreement the surviving board of director Mr. Franjose Yglesias hereby in a unanimous decision enforces the provisions on section (6) "Merger Clause", affective immediately.
Mr. Franjose Yglesias, President, commented, "We are focused and moving forward with our Blockchain development software company Crypto N3 in Saigon. During the weeks to come we will be updating the OTCMarkets, Financials, State of Florida Corporation and our business deployment plan for Crypto N3. The company will be focused on the development of Security Token Offering (STO), Tokenized and Fractionalized Securities Smart Contracts (TFSSC), Tokenized Asset Offerings (TAO) and Equity Token Offering (ETO)."
