SALT LAKE CITY, Utah / ACCESSWIRE / July 7, 2023 / Arvana Inc. (OTC PINK:AVNI) today announced that it has entered into a previously announced letter of intent (LOI) with Luxcor Gold (Alberta) Limited Partnership (Luxcor) to obtain certain registered mining claims, mining licenses. announced that they reached a mutual understanding to terminate. , infrastructure and equipment for processing prospective gold ore in La Paz County, Arizona.
The LOI, signed on June 28, 2023, outlines the terms and conditions for the acquisition of Luxcor’s gold assets, including related assets. However, in the light of subsequent discussions between the parties and after additional consideration, Arvana and Luxcor have jointly agreed to terminate his LOI. After reassessing each other’s financial considerations, the parties have concluded that termination of the LOI is in their respective best interests.
The mutual termination of the LOIs will not impact Arvana’s overall growth strategy or disrupt ongoing operations. Arvana’s dedicated management team remains focused on advancing the company’s existing business, exploring new business opportunities and delivering value to shareholders.
Arvana will continue to provide updates on our activities and share important developments in our business with interested stakeholders.
For additional information about our business, please refer to Arvana’s filings with the Securities and Exchange Commission or contact us directly.
Arvana Co., Ltd.
Arvana (“OTC:AVNI”) is a public company registered under the Securities Exchange Act of 1934, as amended, and is cited on the OTC Pink Sheet Update Alternative Reporting Platform.
Forward-Looking Statements
Certain statements contained in this press release are subject to risks and uncertainties, including general economic conditions, changes in capital markets, regulatory laws and other conditions that may cause actual results. , are forward-looking statements regarding future expectations based on currently available information. Very different from those expectations. Arvana makes no representations or warranties, express or implied, as to the accuracy, completeness or status of such statements and therefore does not We are not responsible for any decisions or actions taken. press release. Arvana encourages the public to read the information provided in connection with recent filings on Form 8-K, Form 10-Q and Form 10-K. www.sec.gov.
contact
Ruairid Campbell, Chief Executive Officer
Phone: +1 801-232-7395
Email: [email protected]
Website: https://arvana.us
sauce: Arvana Co., Ltd.
