$NETYF Network Executes Share Exchange Agreem
Post# of 273254
Network Executes Share Exchange Agreement with Ynvisible
ACCESSWIRE - Wed Jul 27, 12:38PM CDT
VANCOUVER, BC / ACCESSWIRE / July 27, 2016 / Further to our news release dated May 3, 2016, Network Exploration Ltd. (TSXV: NET) (the "Company" or "Network" is pleased to announce that it has entered into a share exchange agreement dated July 19, 2016 (the "SEA" with YD Ynvisible S.A. ("Ynvisible" pursuant to which Network will acquire 95.53% of the issued and outstanding shares of Ynvisible in exchange for common shares of Network. Pursuant to the terms of the SEA, the majority of Network's management and directors will be replaced with nominees of Ynvisible, and the Company will issue sufficient securities such that the transaction will constitute a Change of Business Reverse Takeover ("RTO" under the rules of the TSX Venture Exchange (the "Exchange".
NET.VN: 0.170 (-0.020)
Network Announces Proposed RTO Transaction with YD Ynvisible S.A.
ACCESSWIRE - Tue May 03, 1:22PM CDT
VANCOUVER, BC / ACCESSWIRE / May 3, 2016 / Network Exploration Ltd. (TSXV: NET) (the "Company" or "Network" is pleased to announce that it has entered into a binding letter of intent (the "LOI" dated April 29, 2016, which sets out the basic terms and conditions pursuant to which Network will acquire 95.53% of the issued and outstanding shares of YD Ynvisible S.A. ("Ynvisible" in exchange for common shares of Network. Pursuant to the terms of the LOI, the majority of Network's management and directors will be replaced with nominees of Ynvisible, and the Company will issue sufficient securities such that the transaction will constitute a Change of Business Reverse Takeover ("RTO" under the rules of the TSX Venture Exchange (the "Exchange".
NET.VN: 0.170 (-0.020)