Brief: Medinice Signs Prelim. Memorandum Of Understanding With Veritherme Medical

Medinice SA

10/01/2019 08:29

Jan 10 (Reuters) - Medinice SA  ICEP.WA :
    * SAID ON WEDNESDAY THAT IT HAS SIGNED A PRELIMINARY
MEMORANDUM OF
UNDERSTANDING WITH VERITHERME MEDICAL BV
    * THE PARTIES INTEND TO CARRY OUT A TRANSACTION BY FEB. 28
TO
RE-CAPITALIZE MEDINICE BY ACQUIRING ITS NEWLY ISSUED SHARES AND
FOR MEDINICE TO TAKE OVER RIGHTS TO VERITHERME'S
PROJECTS/TECHNOLOGIES
    * IF THE TRANSACTION GOES THROUGH, VERITHERME'S CEO TIMOTHY
MACNEIL WILL JOIN MEDINICE'S MANAGEMENT BOARD

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMc0fL1Ha
    
 Further company coverage:  ICEP.WA  
   


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