Brief: Leonovus Business And Financing Update
07/05/2020 19:23
May 7 (Reuters) - LeoNovus Inc LTV.V :
* LEONOVUS BUSINESS AND FINANCING UPDATE
* UPDATE REGARDING ITS MARCH 5, 2020 ANNOUNCEMENT THAT IT
HAD
ENTERED INTO A NON-BINDING AGREEMENT TO PURCHASE PURECOLO INC
* COVID-19 CRISIS CONTINUES TO IMPAIR COMPANY'S ABILITY TO
RAISE
FUNDS NEEDED TO COMPLETE ACQUISITION OF PURECOLO
* LEONOVUS WILL CONTINUE DUE DILIGENCE ON PURECOLO ALONG
WITH
SEARCH FOR FINANCING
* TRADING IN SHARES OF COMPANY WILL REMAIN HALTED UNTIL
FUNDING
Source text for Eikon: urn:newsml:reuters.com:*:nGNX21b9kY
Further company coverage: LTV.V
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