Pity.. " 3D Resources Ltd (“the Company”) announces that it has...

Pity..
" 3D Resources Ltd (“the Company” announces that it has elected not to proceed further with the
Acquisition Agreement to acquire Ayiti Gold Company SA (“Ayiti” and Delta Societe Miniere SA
(“Delta”, which respectively own the Grand Bois and Morne Bossa gold projects in Haiti. The
Acquisition Agreement was subject to a number of conditions precedent, including the vendors
demonstrating ownership of Ayiti and Delta, and also the lands upon which the mining projects are
situated.
The Acquisition Agreement, which was executed on 16 September 2018, has been extended three
times to allow the conditions precedent to be satisfied, with the most recent extension being agreed
on 6 December 2018. The Company agreed to the latest extension on the basis that the vendors would
deliver the requisite documentation by 31 January 2019, for proposed completion of the Acquisition
Agreement on 31 March 2019.
The Company did not receive the relevant deliverables by the agreed deadline of 31 January 2019, and
despite giving the vendors further opportunity to demonstrate that they are able to fulfil their
obligations under the Acquisition Agreement, the Company has received no response. Given this, the
Company has concluded that the vendors are unable or unwilling to satisfy these conditions
precedent.
The Company has therefore decided not to further extend the Acquisition Agreement.