Posted in | News | Ferrous Alloys and Metals | Business | Minerals

ReMac Zinc and Corazon Continue Negotiation on Proposed Acquisition

Editorial Checklist Reviewed
Aug 19 2010

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ReMac Zinc Corp. ("ReMac") (TSX VENTURE:RMZ) is pleased to provide the following update with respect to a proposed reverse takeover transaction with Corazón Exploraciones S.A., ("Corazón") as previously announced by ReMac on June 14, 2010.

ReMac and Corazón continue to negotiate the terms of the definitive agreement with respect to the proposed acquisition of all of the issued and outstanding shares of Corazón by ReMac. ReMac will issue a further press release once the parties have entered into the definitive agreement.

Trading of ReMac's common shares on the TSX Venture Exchange (the "Exchange") will remain halted until the Transaction is accepted by, or satisfactory documentation has been filed with, the Exchange pursuant to Section 3.4 of Exchange Policy 5.2.

Source:

http://www.remaczinc.com/

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