Verenex Announces Extension With Libyan Investment Authority

摘要

Verenex Energy Inc. reports that negotiations with the Libyan Investment Authority and its legal and other advisors on the definitive agreement for the acquisition of Verenex by the LIA, contemplated in the memorandum of understanding announced on Sept. 18, are progressing consistent with the terms outlined in the MOU but require additional time to be completed.Accordingly, an extension to the MOU has been agreed which provides for signing of the definitive agreement on or before Nov. 6.