Acazis AG
ACAZIS AG signs Memoranding of Understanding with HERAKLES FARMS, USA for an extensive collaboration; HERKALES FARMS aims to become a shareholder of ACAZIS AG
Acazis AG / Key word(s): Letter of Intent
PRESS RELEASE ACAZIS AG signs Memoranding of Understanding with HERAKLES FARMS, USA for an extensive collaboration; HERKALES FARMS aims to become a shareholder of ACAZIS AG Acazis AG (Frankfurt, Open Market: A1C9YF) and Herakles Farms, New York (www.heraklesfarms.com), an agricultural company dealing in the cultivation of palm oil plantations in Ghana and Cameroon have signed an extensive Memorandum of Understanding for a collaboration regarding agricultural projects in Africa. The aim is to jointly create and build one of Africa’s leading agricultural businesses. The cultivation and production of palm and castor oils will play a particularly important role in the companies’ activities. Within the framework of this collaboration, Herakles Farms intends to become a shareholder of Acazis AG and aims to invest a minimum of US$ 5 million by the end of 2012. The details of the collaboration will be negotiated further to a successful Due Diligence evaluation having been carried out which begins this October 2012. About the company Contact: Acazis AG, Landsberger Str. 18, D-82205 Gilching End of Corporate News 29.08.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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