Brief: Corazon signs LOI to acquire Nanosphere Health Sciences
05/01/2017 15:22
Jan 5 (Reuters) - Corazon Gold Corp CGW.V
* Corazon signs LOI to acquire 100 pct of Nanosphere Health
Sciences and Innovative Cannabinoid Delivery System
* Corazon gold corp - LOI contemplates a three-way
amalgamation, pursuant to which nanosphere will become a
wholly-owned subsidiary of Corazon
* Corazon Gold Corp - shareholders of nanosphere will
receive 40 million Corazon common shares on closing
* Corazon Gold - upon completion of transaction, board of
directors will be reconstituted with four nominees of nanosphere
and two nominees of Corazon
* Corazon Gold Corp - in connection with transaction, will
also complete financing to raise gross proceeds of up to $9
million and not less than $7 mln
* Corazon Gold - in connection with deal, Corazon to also
complete financing to raise gross proceeds of $9 million terms
of which have not yet been finalized
Source text for Eikon: ID:nCCN6SG7L
Further company coverage: CGW.V
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