Squire Mining Ltd. announced that it and Future Farm Developments Ltd. have entered into a binding Letter of Intent (LOI) to wind up their joint venture company Arasystems Technology Corp. (Arasystems).  All of the business functions contemplated to be performed by Arasystems will be taken on directly by Squire going forward. Subject to Future Farms meeting certain conditions, Squire and Future Farms will enter into a services agreement pursuant to which Future Farms will provide certain project management services to support Squire’s mining systems development; a licensing agreement with respect to certain proprietary intellectual property of Future Farm; and a non-exclusive distribution agreement where Future Farms will be granted the right to distribute mining systems developed by Squire. The wind up of Arasystems is part of an on-going effort by Squire to streamline its business processes to maximize future value and reduce near-term operational overhead.