TORONTO, April 3 /CNW/ - Washmax Corp. ("Washmax") (NEX BOARD: WMC.H) announced today that the Letter of Intent dated March 5, 2008 between Washmax and NewEdge Gold Corporation ("NewEdge"), pursuant to which Washmax and NewEdge agreed that Washmax would acquire all of the outstanding shares of NewEdge, has been terminated upon the agreement of Washmax and NewEdge.
Washmax originally announced on March 5, 2008 that it had entered into a Letter of Intent to acquire all of the outstanding shares of NewEdge.
In accordance with the rules of the NEX Board of the TSX Venture Exchange, resumption of trading in the common shares of Washmax is subject to completion of a review of the company by the Exchange.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Washmax's future plans, objectives or goals, including words to the effect that Washmax or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
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