Sasamat Capital Corporation Arrangement Not Proceeding
June 21 2006 - 3:48PM
PR Newswire (US)
VANCOUVER, British Columbia, June 21 /PRNewswire-FirstCall/ --
Sasamat Capital Corporation ("Sasamat") (Pink Sheets: SSALF)
announces that KHD Humboldt Wedag International Ltd. ("KHD")
(NASDAQ:KHDH) has advised Sasamat that it does not intend to
complete the acquisition of Sasamat contemplated by the Arrangement
Agreement dated April 24, 2006, as amended, as holders of
approximately 13% of the common shares of Sasamat (the "Sasamat
Shares"), exclusive of those Sasamat Shares owned or controlled
directly or indirectly by KHD, have exercised, and not withdrawn,
their right to dissent provided pursuant to the terms of the Plan
of Arrangement. For further information please contact: Sasamat at
(604) 408 8538 DATASOURCE: Sasamat Capital Corporation CONTACT:
Sasamat, +1-604-408-8538
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