Brief: Asiabasemetals Announces Signing Of Cooperation Agreement With City Within The EU To Obtain Legal Cannabis Sector License
19/06/2019 14:18
June 19 (Reuters) - Asiabasemetals Inc ABZ.V :
* ASIABASEMETALS INC. ANNOUNCES SIGNING OF COOPERATION
AGREEMENT
WITH CITY WITHIN THE EUROPEAN UNION TO OBTAIN LEGAL CANNABIS
SECTOR LICENSE
* ASIABASEMETALS - CO INTENDS TO INCORPORATE A WHOLLY-OWNED
SUBSIDIARY TO ACQUIRE CITY-NEW-SUB-CO-LTD.
* ASIABASEMETALS- ONCE CITY-NEW-SUB-CO-LTD OBTAINS
MEDICAL-CANNABIS-PERMIT CITY WILL TRANSFER SHARES OF
CITY-NEW-SUB-CO-LTD TO ASIABASEMETALS INC
* ASIABASEMETALS - UNIT TO BUY CITY-NEW-SUB-CO TO FACILITATE
POTENTIAL SPIN-OUT ON PLANNED 1 NEW SPIN-OUT CO SHARE FOR EACH
EXISTING SHARE
Source text for Eikon: ID:nGNX2pJPJr
Further company coverage: ABZ.V
((Reuters.Briefs@thomsonreuters.com;))
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