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Forsys Signs Second Agreement With GFI
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Trade Publication Article
Forsys Signs Second Agreement With GFI
2009
Overview
(Marketwire - April 2, 2009) - Forsys Metals Corp. (\"Forsys\" or the \"Company\")(TSX:FSY)(FRANFURT:F2T)(NSX:FSY) announces that it has signed a second amendment agreement to the arrangement agreement with [George Forrest] Forrest International Afrique S.P.R.L. (\"GFI\") (the \"Arrangement Agreement\") to, among other things, (i) extend the closing date of the plan of arrangement to a date still to be determined but not later than July 31, 2009 (ii) increase the reverse break fee for which GFI will be liable in the event that it breaches the Arrangement Agreement from CAD$11,412,000 to CAD$20,000,000 effective immediately and (iii) suspend the Company's covenants regarding the non-solicitation of alternative offers until GFI has satisfied the Company that it has successfully completed the financing arrangements for the entire purchase consideration under the arrangement.
Publisher
Intrado Digital Media Canada Inc
Subject
