Dec 7 (Reuters) - Smithe Resources Corp SMTHp.V :
* SMITHE RESOURCES CORP. ANNOUNCES TERMINATION OF LETTER OF
INTENT
WITH INDIE POWER STORAGE CORP.
* SMITHE RESOURCES CORP - PARTIES HAVE DETERMINED NOT TO
PROCEED
WITH TRANSACTION AS A RESULT OF CURRENT MARKET CONDITIONS
* SMITHE RESOURCES- PARTIES HAVE NO FURTHER OBLIGATIONS
UNDER
LETTER OF INTENT, EXCEPT THAT $25,000 REMAINS OWING BY INDIE
POWER STORAGE CORP. TO CO
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