- RevoluGROUP (REVO) has signed a non-binding term sheet to enter equity investment talks
- The term sheet outlines a potential equity acquisition by a financially regulated European entity allied with a UAE-based financial consultancy firm
- CEO Steve Marshall sat down with Daniella Atkinson to discuss what promises to be a significant advent for the company
- RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others
- RevoluGROUP (REVO) is up by 27.27 per cent, trading at $0.28 per share
RevoluGROUP (REVO) has signed a non-binding term sheet to enter equity investment talks.
The term sheet outlines a potential equity acquisition by a financially regulated European entity allied with a UAE-based financial consultancy firm.
The acquisition may result in a change of control as specified in the Securities Act (RSBC 1996, Chapter 418, Part 1).
The parties will finalize preliminary due diligence in 45 calendar days, during which RevoluGROUP has agreed not to consider any other proposed purchases of its shares.
Management believes the proposal is conducive to shareholder value and will inform shareholders of its decision in due course.
CEO Steve Marshall sat down with Daniella Atkinson to discuss what promises to be a significant advent for the company.
RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others.
RevoluGROUP (REVO) is up by 27.27 per cent, trading at $0.28 per share as of 11:08 am EST.
