CN INT DEV CORP (00264): The placement agreement has expired.

CN INT DEV CORP (00264) announced that due to the conditions precedent of the placement agreement not being satisfied or met before the deadline, the placement agreement will be deemed invalid and the placement will not proceed. The placement agent and the company will immediately cease and terminate all obligations and liabilities under the placement agreement, and neither the placement agent nor the company shall make any claims against each other in this regard. However, any previous breaches of the placement agreement will not prejudice the rights and obligations that have already arisen for the placement agent and the company. No reimbursements or expenses related to the placement will be paid to the placement agent.