SinoGas West Inc. Terminates Letter of Intent with ARA Safety Inc.
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TSX-V: GZW.P
CALGARY, Nov. 25 /CNW/ - SinoGas West Inc. ("SinoGas"), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), confirms that the previously announced letter of intent with ARA Safety Inc. dated April 15, 2010 has been terminated as certain of the conditions set forth in the letter of intent have not been met.
The Board of Directors of Sinogas will continue to actively seek opportunities for a Qualifying Transaction as defined by the Exchange Policies.
About SinoGas
SinoGas, a capital pool company within the meaning of the policies of the Exchange, was incorporated December 21, 2007 and was listed on the exchange on or about January 7, 2010. SinoGas does not have any operations and has no assets other than cash. SinoGas' business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the Exchange.
The TSX Venture Exchange has neither approved or disapproved the contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: For further information:
For more information on SinoGas please see the corporate profile on SEDAR atwww.sedar.comor contact:
Wise Wong, President and Chief Executive Officer
Telephone: +852-5100-1479
Facsimile: (403) 230-7878
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