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Re: jking1999 post# 5237

Thursday, 08/23/2007 10:35:08 AM

Thursday, August 23, 2007 10:35:08 AM

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The liability to former NJJ Stockholders of $24M is in respect of the escrow share agreement to purchase NJJ. The period of the agreement will terminate on August 24, 2007 and the liability calculated in accordance with the agreement is $3M. Thereby the liability will be reduced by $21M. In addition this agreement will cancel and terminate 120 Million common stock shares of Tricell Inc. Our issued and outstanding common shares will be reduced to 220 Million common stock shares.
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