miNetwork Group Inc. (OTC: MWKG) has announced today that it has cancelled it’s Share Purchase Agreement for $250,000.00 entered into with Los Angeles based Fusion Fund I, LLC, a closed end fund co-managed by Ascot Investments, Inc.
Under the terms of the cancelled agreement Fusion was to acquire 9,375,000 shares of newly issued 144 common stock of the Company for $250,000.
“We are proposing to enter into other binding agreements to accomplish our funding objectives under more favorable terms to the Company. We are currently undertaking these discussions and effective immediately provided Fusion Fund I, LLC notice of termination,” reported Dan Pacholik – CEO of miNetwork Group, Inc. “We appreciate Fusion’s proposed involvement and are hopeful that they will participate in the new raise under the same terms and conditions as the new investors,” added Mr. Pacholik.About miNetwork Group Inc.
miNetwork Group Inc. is an Internet based marketing and distribution company focused on the migration of real world Internet products and services from a fixed location service to the wireless devices and access points now being deployed globally.
miNetwork Group Inc.,
3500-27th Street NE
Dan Pacholik, 403-250-5701, Fax email@example.com