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The Chip Board Archive 06

Paul-Son Gaming Corporation

I found this while seaching the net, does anyone know what's going on with the merger.

"On April 30, 2001, Paul-Son Gaming Corporation, a Nevada corporation ("Paul-Son"), made a demand on Etablissements Bourgogne et Grasset SA ("Bourgogne et Grasset") and The Bud Jones Company, Inc. ("Bud Jones") for a termination fee pursuant to the letter of intent relating to a proposed combination among the parties. . The letter of intent, as amended, provides that in the event Bourgogne et Grasset or Bud Jones fail to execute a definitive agreement by April 30, 2001 for any reason, Bourgogne et Grasset and Bud Jones, jointly and severally, shall pay to Paul-Son a $1.0 million termination fee."

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