Continental Precious Minerals Inc. (TSXV:CZQ.H) entered into a letter of intent to acquire High Speed Interconnects, LLC (HSI) in December 2018. The letter of intent was binding on HSI and its principals but not binding on Continental. Continental Precious Minerals Inc. entered into a binding agreement to acquire HSI on January 24, 2019. The transaction had been approved by all parties. Continental Precious Minerals Inc. (TSXV:CZQ.H) cancelled the acquisition of High Speed Interconnects, LLC on February 15, 2019. HSI and its principals communicated to Continental that they wanted to change certain terms of the transaction. As a result of HSI breaching the terms of the agreements between the parties, Continental has terminated the definitive agreement.