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Eastern Goldfields (OTC: EGDD) has entered into a Letter of Intent (LOI) with Grellner Media Holdings 1, LLC on September 22, 2025. The LOI outlines EGDD's potential acquisition of all outstanding shares of Grellner Media Holdings 1, along with its tangible and intangible assets.
The company emphasizes that this LOI supersedes all previous discussions regarding the acquisition. However, there is no guarantee that the parties will reach final terms to close the transaction. The announcement primarily serves as a preliminary step towards a potential acquisition, with detailed terms and conditions yet to be finalized.
