Brief: New World Resource Entered Non-Binding LOI For Acquisition Of Perimeter Medical In Reverse Takeover Deal

Perimeter Medical Imaging AI

14/03/2019 24:51

March 13 (Reuters) - New World Resource Corp  NW.V :
    * DGAP-NEWS: NEW WORLD RESOURCE CORP. AND PERIMETER MEDICAL
IMAGING, INC. PROPOSE REVERSE TAKEOVER
    * NEW WORLD RESOURCE- ENTERED NON-BINDING LOI FOR
ACQUISITION OF
ALL OF ISSUED, OUTSTANDING SHARES OF PERIMETER MEDICAL BY CO IN
REVERSE TAKEOVER DEAL
    * NEW WORLD RESOURCE- CO, OR WHOLLY OWNED SUBSIDIARY OF CO
WILL
ACQUIRE 100 PERCENT OF SHARES OF PERIMETER MEDICAL IN EXCHANGE
FOR NEW WORLD SHARES
    * NEW WORLD RESOURCE - FOLLOWING CLOSING, RESULTING ISSUER
CHIEF
EXECUTIVE AND INITIAL BOARD OF DIRECTORS WILL BE SELECTED BY
PERIMETER
    * NEW WORLD-SHAREHOLDERS TO RECEIVE WARRANT TO BUY 1 SHARE
OF CO
AFTER PROPOSED TRANSACTIONS AT C$0.30PER SHARE, FOR 2 NEW WORLD
SHARES HELD BEFORE DEAL CLOSING

Source text for Eikon:  ID:nEQ6DwKqMa 
Further company coverage:  NW.V 

 ((Reuters.Briefs@thomsonreuters.com;))