retreating, page-5

One question already answered.

ASX Announcement today:

"Ammtec confirms that the purchaser of its 68.5% interest in US based resin manufacturer Purity Systems Inc (PSI) has requested an extension of time to settle the transaction. Settlement, which is not subject to finance, has been deferred, at the purchaser’s request, until 30 October 2008.

The PSI founders and minority shareholders hold pre-emptive rights over Ammtec holding and Ammtec has successfully negotiated the waiver of these rights for US$3million to be paid after settlement.

The consideration of US$25million is in USD and is unhedged"


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