Merger terminated between Regent Group and Playa Minerals & Energy
Regent Group, Inc. has received notification from Vulcan Minerals and Energy, Inc. that Vulcan is exercising its right to terminate a March 31, 2000 Merger Agreement.
RYE, N.Y., Feb. 26, 2001 (PRNewswire) — Regent Group, Inc. (OTC Bulletin Board: RGII) announced today that it received notification from Vulcan Minerals and Energy, Inc. (formerly Playa Minerals and Energy, Inc.) that Vulcan was exercising its right to terminate the executed Merger Agreement originally dated March 31, 2000 entered into between the two companies.
Vulcan communicated its wishes via letter delivered to Regent by facsimile late afternoon on Friday, February 23, 2001 after the close of normal business hours.
In its letter, Vulcan gave no reason for its termination decision.
For more information please call Robert M. Long, Chairman, Regent Group, Inc. at 845-266-4858.