Deutsche Borse, Frankfurt: 3NVN
Germany: WKN A1JVHM/
RICHMOND, BC, Feb. 10, 2015 /CNW/ - Nass Valley Gateway Ltd. (the "Company" or "Nass Valley") wishes to announce that the letter agreement (the "LOI") first announced in the Company's October 16, 2014 news release has expired.
The LOI, which was subject to a Due Diligence Period and the approval of the Regulatory Authorities, provided Nass Valley the exclusive right to acquire a corporation actively involved in the medicinal cannabis industry as a 100% owned subsidiary. The Due Diligence Period had already been extended past the original expiry date of December 4, 2014 to allow the financiers additional time to raise the previously agreed upon financing. Unfortunately, due to the inability of the financiers to raise the required financing, the Company has decided not to continue to extend the LOI. The Company is currently evaluating other business opportunities.
The CSE has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
SOURCE Nass Valley Gateway Ltd.
For further information: Dieter Peter, President & CEO, Phone: 604-278-1132