Brief: Western Troy Announces Letter Of Intent With Cultivation Technologies Inc Of Irvine, California For Rto

Global Copper

26/02/2019 20:54

Feb 26 (Reuters) - Western Troy Capital Resources Inc
 WRY.V :
    * WESTERN TROY ANNOUNCES LETTER OF INTENT WITH CULTIVATION
TECHNOLOGIES, INC. OF IRVINE, CALIFORNIA FOR RTO & SETS AGM DATE
    * WESTERN TROY CAPITAL RESOURCES - ENTERED LOI WITH
CULTIVATION
TECHNOLOGIES TO COMPLETE AN ARM'S LENGTH REVERSE TAKEOVER
TRANSACTION
    * WESTERN TROY CAPITAL RESOURCES - CO, CTI INTEND TO
COMPLETE
BUSINESS COMBINATION THAT WILL RESULT IN CTI BECOMING
WHOLLY-OWNED UNIT OF CO
    * WESTERN TROY - RTO WILL RESULT IN EACH OUTSTANDING CTI
SHARE
BEING EXCHANGED FOR ONE RESULTING ISSUER SHARE, ALL OUTSTANDING
WARRANTS, OPTIONS OF CTI
    * WESTERN TROY CAPITAL RESOURCES - RESULTING ISSUER SHALL
UNDERGO
NAME CHANGE TO SCARAB CO ("SCARAB")
    * WESTERN TROY -  UPON COMPLETION, CURRENT OFFICERS,
DIRECTORS OF
CO SHALL RESIGN, CO WILL HAVE RIGHT TO NOMINATE 1 MEMBER TO
RESULTING ISSUER'S BOARD

Source text for Eikon:  ID:nGNX90Qn2L 
Further company coverage:  WRY.V 

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