Brief: Focused Capital II Announces LOI With Fortress Blockchain For Proposed Qualifying Transaction

Cathedra Bitcoin

20/02/2018 17:44

Feb 20 (Reuters) - Focused Capital II Corp  FAVh.V : 
    * FOCUSED CAPITAL II CORP. ANNOUNCES LETTER OF INTENT WITH 
FORTRESS BLOCKCHAIN CORP. FOR PROPOSED QUALIFYING TRANSACTION 
    * SAYS BOARD & MANAGEMENT OF RESULTING ISSUER AFTER GIVING 
EFFECT 
TO DEAL TO BE COMPRISED OF PERSONS NOMINATED BY FORTRESS 
BLOCKCHAIN 
    * SAYS TO ACQUIRE SHARES AT EXCHANGE RATIO OF 1 OF CO'S 
SHARES 
(ON A POST-CONSOLIDATION BASIS) FOR EVERY 1 FORTRESS BLOCKCHAIN 
SHARE 
    * SAYS REVERSE TAKEOVER OF CO WHEREBY AT LEAST 97.3% OF 
SHARES OF 
RESULTING ISSUER BE OWNED BY FORMER FORTRESS BLOCKCHAIN 
SHAREHOLDERS  
 
Source text for Eikon:  ID:nCCNPsTvGa  
Further company coverage:  FAVh.V  
 
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