PCT Ltd (PCTL)

[CadTrader1]

Magnolia Colombia Announces Termination of Letter of Intent With PCT
Globe Newswire5:00 PM Eastern Daylight Time Aug 21, 2019


TORONTO, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Magnolia Colombia Limited (“Magnolia” or the “Company”) (TSXV: MCO) wishes to announce that its letter of intent with PCT LTD. (“PCT”), as previously announced on April 1, 2019 (the “LOI”), has been terminated pursuant to its terms effective immediately. Pursuant to the LOI, Magnolia and PCT were to complete a business combination that would result in a reverse take-over of Magnolia.


Trading in Magnolia’s common shares is expected to resume on the TSX Venture Exchange shortly.