Brief: Blockstrain Signs Letter Of Intent To Acquire Spark Digital Technologies

TruTrace Technologies

07/03/2019 24:14

March 6 (Reuters) - Blockstrain Technology Corp  DNAX.V :
    * BLOCKSTRAIN SIGNS LETTER OF INTENT TO ACQUIRE SPARK
DIGITAL
TECHNOLOGIES
    * BLOCKSTRAIN TECHNOLOGY -  LOI CONTEMPLATES ISSUANCE OF 15
MILLION SHARES IN CAPITAL OF CO TO SHAREHOLDERS OF SPARK AT A
DEEMED PRICE OF $0.26/SHARE
    * BLOCKSTRAIN TECHNOLOGY CORP - AGREED TO UNDERTAKE GOOD
FAITH
EFFORTS TO ENTER INTO DEFINITIVE AGREEMENT ON OR BEFORE APRIL 29
    * BLOCKSTRAIN TECHNOLOGY CORP - EXPECTED THAT FORMER
SHAREHOLDERS
OF SPARK WILL HOLD APPROXIMATELY 15.8% OF OUTSTANDING COMMON
SHARES OF CO

Source text for Eikon:  ID:nCNWMcfrFa 
Further company coverage:  DNAX.V 

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