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RevoluGROUP Canada (TSXV:REVO) equity investment reaches final stages

Finance, Socials, Technology, The Watchlist
TSXV:REVO
22 February 2023 13:00 (EDT)

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RevoluGROUP has signed an addendum to a binding MOU confirming the completion of its obligations under a proposed equity investment.

On February 21st, 2023, RevoluGROUP signed an addendum to a binding MOU regarding a share equity investment by a European entity allied with a UAE-based financial consultancy firm.

The suitors must now seek and obtain final regulatory approval. The suitors anticipate receiving regulatory and compliance approval by March 1st, 2023.

Steve Marshall, RevoluGROUP Canada (REVO) CEO, met with Coreena Robertson to discuss the agreement.

RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others.

RevoluGROUP Canada (REVO) opened trading at $0.32 per share.


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