Brief: Keon Capital Inc. Announces Proposed Transaction With Frame Holdings Inc.

Keon Capital

06/11/2023 21:50

Nov 6 (Reuters) - Keon Capital Inc  KEONh.V :
    * KEON CAPITAL INC. ANNOUNCES PROPOSED TRANSACTION WITH
FRAME
HOLDINGS INC.
    * KEON CAPITAL INC -  ENTERED INTO A LETTER OF INTENT DATED
OCTOBER 28 RESPECTING PROPOSED ACQUISITION BY KEON OF FRAME
HOLDINGS
    * KEON CAPITAL INC -  CO, FRAME AGREED TO ACT IN GOOD FAITH
TO
DRAFT, NEGOTIATE, EXECUTE DEFINITIVE AGREEMENT RESPECTING DEAL,
WHICH WILL SUPERSEDE LOI
    * KEON CAPITAL INC - TRANSACTION WILL BE A "CHANGE OF
BUSINESS"
AND "REVERSE TAKEOVER" FOR KEON
    * KEON CAPITAL INC - TRANSACTION WILL NOT CONSTITUTE A
TRANSACTION
WITH ANY "NON-ARM'S LENGTH PARTY" OF KEON

Source text for Eikon:  ID:nGNXbKbzZ2 
Further company coverage:  KEONh.V 

 ((Reuters.Briefs@thomsonreuters.com))