Leaders of British Conservatives and Liberal Democrats held "a constructive and amicable meeting" Saturday evening in a bid to hammer out a deal in forming a coalition government, according to a statement issued by the two parties.

However, no details have been disclosed on the 70-minute meeting between Conservative leader David Cameron and Liberal Democrat leader Nick Clegg. The statement said that the two leaders will meet again on Sunday.

Meanwhile, The Liberal Democrat leadership has "endorsed in full" Nick Clegg's decision to talk to the Tories first after the election resulted in a hung parliament.

After a meeting of Liberal Democrat MPs and peers on Saturday, the party's negotiator David Laws said the parliamentary party had "endorsed in full" the strategy outlined by Clegg, who said the Conservatives, the biggest party after the general election, had the right to seek to form a government first.

The British general election held on Thursday has produced a " hung parliament", the first since 1974, as no party wins an absolute majority. Conservative party won 306 seats in the election and became the largest party in the parliament but not passing the necessary 326-seat mark for controlling the 650-member House of Commons. The Labor Party won 258 seats and the Liberal Democrats occupied 57 seats.