Hodgins Auctioneers announces Termination of Letter of Intent for
Worldwide Auction Business
MELFORT, SK,
Oct. 30, 2012 /CNW/ - Hodgins
Auctioneers Inc. (TSXV: HA) ("Hodgins") announces that the board of
directors and Pinto Ventures Ltd. have mutually agreed to terminate
the non-binding Letter of Intent to acquire www.taxlossauction.com
and associated intellectual property rights and product marketing
program, previously announced on September
12, 2012.
Further to a news release dated August 24, 2012, Hodgins has determined not to
proceed, at this time, with the grant of 369,000 stock options
About Hodgins Auctioneers Inc. Headquartered in
Melfort, SK for more than 50
years, Hodgins Auctioneers is a provider of professional auction
services. Hodgins is renowned for its experienced Auctioneers,
award-winning promotions, dependable results and commitment to
providing the ultimate marketplace for the sale of assets by
auction.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Hodgins Auctioneers Inc.