Vancouver: Voyageur Film Capital has backed out of an agreement to acquire LightRoom f/x, a Vancouver-based new media company, announced Oct. 17.

Voyageur (which is being renamed Highwire Entertainment Group) says it was unable to confirm a number of financial matters relating to LightRoom during its due diligence period.

The deal, which was supposed to have a definitive purchase agreement Nov. 30, was worth $300,000 in Voyageur stock valued at $0.23 per share. The four LightRoom principals were to receive as employees of Voyageur 100,000 options each. *

Ian Edwards

-www.highwireentertainment.com