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News: AFT AFT Corp, Petbacker Mutually Agree To Rescind Term Sheet Announced On Feb 22

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    13/12/18
    21:15
    Post #: 36853271

    Dec 13 (Reuters) - AFT Corporation Ltd (AFT) :

    • PETBACKER PTE LTD AND AFT HAVE MUTUALLY AGREED TO RESCIND TERM SHEET THAT WAS ANNOUNCED ON 22 FEBRUARY 2018
    • AFT CORPORATION - CO WILL NOT PURSUE RAISING AUD$2 MILLION IN FUNDING IN RETURN FOR A 50% STAKE IN AUSTRALIAN PROPRIETARY CO AS PREVIOUSLY ANNOUNCED
    • AFT CORP - CO REMAINS COMMITTED TO ORIGINAL MOU FROM NOV 7 2017 WITH PETBACKER TO DEVELOP SOLAR POWERED PRODUCTS IN PET SPACE IN RETURN FOR LICENSING FEES
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