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International Goldfields Ltd (ASX:IGS) has provided an update on the status of the transaction to acquire an 85% interest in Jardin de Invierno SA in Uruguay. There were key conditions related to the agreement with the company, trading as WinterGarden Biosciences, to be satisfied before a transaction could be completed. The company said in a statement, "it became evident to the IGS Board that...this would not be possible due to a range of factors.