Wednesday, August 05, 2009 6:21:57 PM
You need an example?. Here you are Letter of intent by the compnaies VIACORP TECHNOLOGIES VCP and BIOMATERA BMI
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"..............14. At the Meeting, Viacorp will be seeking shareholder approval to proceed with a Share Purchase Agreement to be executed with Biomatera Inc. (BMI), a privately held corporation constituted under the Companies Act (Quebec). Viacorp and BMI entered into a Letter of Intent effective April 12, 2006. Vicaorp intends that the transaction with BMI (the Reorganization) will constitute a reverse take over pursuant to TSX Venture Exchange Policies and will result in a change of management and absolute control of Viacorp....."
SOURCE:http://cto-iov.csa-acvm.ca/ArticleFile.asp?Instance=101&ID=A7DBB02F90484430B5EDCAA066F4168D
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"June 4, 2008 - Mr. Larry Olson, President and CEO of Viacorp Technologies Inc. (NEX BOARD:VCP.H), announces that Viacorp, due primarily to market conditions, will not be proceeding with its previously announced purchase of BioMatera Inc. nor the concurrent financing......"
Source: http://www.marketwire.com/press-release/Viacorp-Technologies-Inc-NEX-BOARD-VCP.H-864781.html
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Well, so much about legal binding of Letters of Intents!!!
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