Euro-Net Investments signs letter of intent with Canadian Copper Core

TORONTO, April 18 /CNW/ - Euro-Net Investments Ltd. ("Euro-Net"), is pleased to announce that it has entered into a letter of intent with Canadian Copper Core Inc. ("CCC"), a private company, whereby the parties will agree to enter into a business combination (the "Business Combination") subject to several terms and conditions being met.

Under the Letter of Intent, Canadian Copper Core Inc., including all of its mining assets, will be merged into the combined business. As a condition of completion of the Business Combination, Euro-Net Investments Ltd. will take all appropriate measures to lift cease trade orders imposed by the Ontario Securities Commission, the Alberta Securities Commission, and the British Columbia Securities Commission currently in effect, and will apply for listing of the combined company on a recognized Canadian stock exchange.

The Business Combination will be subject to board and shareholder approval by both companies, and regulatory approval. Once the parties have successfully completed their due diligence they will enter into a definitive agreement, at which time a further press release will confirm specific details of the Business Combination.

Canadian Copper Core Inc. owns or has optioned four lithium and rare earth mineral properties in northern Ontario. CCC has also loaned funds to Euro-Net on an ongoing basis pursuant to a Security Agreement between the two companies dated October 15, 2008.

This press release contains certain "forward looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

SOURCE Euro-Net Investments Ltd.

For further information:

Reginald Groome
President

Tel:       416-544-3442
Fax:      519-672-0773
Email:  Euronet@sympatico.ca

Profil de l'entreprise

Euro-Net Investments Ltd.

Renseignements sur cet organisme

Canadian Copper Core Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.