Jan 21 (Reuters) - CEMATRIX Corp CVX.V :
* ORATION ANNOUNCES LETTER OF INTENT FOR PROPOSED ACQUISITION OF PACIFIC INTERNATIONAL GROUT COMPANY AND THE ENGAGEMENT OF JOSEPH GUNNER AND CO. LLC AS AN EXCLUSIVE INVESTMENT BANKER
* CURRENTLY ANTICIPATED THAT ACQUISITION WILL OCCUR AS A SHARE SALE
* PIGCO SHARES SHALL BE PAID TO VENDOR BY CEMATRIX AS $500,000 (USD) IN COMMON SHARES OF CEMATRIX
* PIGCO SHARES SHALL BE PAID TO VENDOR BY CEMATRIX AS CASH IN AMOUNT OF $3.25 MILLION
* CEMATRIX -PIGCO SHARES SHALL BE PAID TO VENDOR AS $3.5 MILLION BY EARN-OUT CALCULATED ON OPERATIONS OF OPERATIONAL SUBSIDIARY FOR UP TO 4 YEARS AFTER CLOSING