Bellingham, WA 98225 March 8, 2006Non-Binding Letter of Intent • March 28th, 2006 • Rubincon Ventures Inc • Metal mining
This letter outlines the substance of our agreement regarding the terms on which Rubincon Ventures Inc., a Delaware corporation ("RVI"), proposes to enter into a transaction of the type described below with API Electronics Group Corp., an Ontario corporation ("API"), through a to-be-formed wholly-owned Ontario subsidiary of RVI ("MergerSub").
