Mystique Energy Inc. Executes Letter of Intent to Merge with a Private Company

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[{"type":"text","content":"\n\n\n\nCALGARY, Nov. 2 /CNW/ - Mystique Energy, Inc. (MYS:TSX Venture)\n("Mystique") announces that it has executed a letter of intent ("LOI") whereby\nMystique and a private company would merge by way of an amalgamation or such\nother business arrangement as may be mutually agreed upon.\n\n\nThe LOI will form the basis of a plan of arrangement ("Plan") that\nMystique plans to file pursuant to the Companies' Creditors Arrangement Act\n(Canada) ("CCAA"). The Plan must be filed with the Alberta Court of Queen's\nBench (the "Court") by November 19, 2007.\n\n\nThe terms of the LOI and other pertinent details of the private company\nwill be submitted to the TSXV for review. Trading in Mystique shares will\nremain halted until such time as may be determined by the TSXV. Details of the\nproposed business combination will be released shortly.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release. This news\n\n\nrelease may contain forward-looking information. Actual future results\n\n\nmay differ materially from those contemplated. The risks, uncertainties,\n\n\nand other factors that could influence actual results are described in\n\n\ndocuments filed with regulatory authorities.\n\n\n%SEDAR: 00001147E\n\n\n","length":1419,"tagName":"div"}]

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