MELFORT, SK, Oct. 30, 2012 /CNW/ - Hodgins Auctioneers Inc. (TSXV: HA) ("Hodgins") announces that the board of directors and Pinto Ventures Ltd. have mutually agreed to terminate the non-binding Letter of Intent to acquire www.taxlossauction.com and associated intellectual property rights and product marketing program, previously announced on September 12, 2012.
Further to a news release dated August 24, 2012, Hodgins has determined not to proceed, at this time, with the grant of 369,000 stock options
About Hodgins Auctioneers Inc. Headquartered in Melfort, SK for more than 50 years, Hodgins Auctioneers is a provider of professional auction services. Hodgins is renowned for its experienced Auctioneers, award-winning promotions, dependable results and commitment to providing the ultimate marketplace for the sale of assets by auction.
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.
SOURCE: Hodgins Auctioneers Inc.
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