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Crown Alliance Capital Limited, a senior life insurance settlements company, signed a letter of intent on or about July 15, 2013 for a sale of $5 million in convertible debentures with an initial investment of $150,000 on or before August 1, 2013. Crown now says that, “after review and due consideration of the terms,” it has “determined that it will be in its best interest to terminate this arrangement.” 

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