11:47 AM EST - Formation Fluid Management Inc. : Has entered into a non-binding Letter of Intent ("LOI") with respect to a proposed business combination with Robix Environmental Technologies, Inc. The purpose of the LOI is to reflect the desire of both parties to effect a business combination pursuant to which Robix will acquire all of the issued and outstanding common shares of Formation Fluid through a share exchange, amalgamation, plan of arrangement or such other comparable form of transaction as determined by Robix and Formation Fluid following a review of all relevant tax, corporate and securities law considerations and a due diligence review. Formation Fluid Management Inc.
shares V.FFM are trading unchanged at $0.08.