JBZ Capital Inc. (JBZ.V) is scrapping its proposed acquisition of Fertoz Pty Ltd. after discussions to restructure the deal fell through. JBZ said privately held Fertoz, which is working to develop six potash and phoshate properties in Australia's Northern Territory, is expected to repay an A$500,000 secured bridge loan by Sept. 30.
JBZ, which had been hoping to unite Fertoz with its Strata Minerals subsidiary, also said it intends to have the trading halt in place for its stock since June 9 lifted as soon as possible.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
