$NXGWF $NGW Under the terms of the Investment Agre
Post# of 21237
(Total Views: 236)
Posted On: 03/15/2019 9:48:04 AM
$NXGWF $NGW Under the terms of the Investment Agreement, Next Green Wave will participate as follows:
Invest in 2,000,000 common shares of OMG at CAD$0.25 per share for a total amount of CAD$500,000 under a subscription agreement with OMG
Receive an additional 4,300,600 common shares representing 10% of the share capital of OMG post it's first round of financing, in exchange for NGW's provision of collaborative and commercial strategic support services under a services agreement, as described further below
Receive an option to purchase 2,395,000 shares of OMG CAD$0.50 per share, or such other number of shares equivalent to 5% of the share capital following its first round of financing
The Agreement is based on the expectation that OMG will complete its Initial Public Offering (IPO) in 2019 and is also subject to the approval of the Canadian Securities Exchange.
In consideration of the common shares issued in the capital of OMG, Next Green Wave will collaborate and provide commercial strategic support to OMG through a License and Service Agreement, including the following:
Adopting of nursery, cultivation and manufacturing techniques that will enable OMG to produce high quality cannabinoid oil through large scale production and in compliance with GMP standards;
Planning and design of necessary infrastructure for its outdoor and indoor facilities; and
Licensing of Next Green Wave's medicinal consumer product goods and brands across OMG's entire distribution network subject to countrywide regulation approval.
https://ih.advfn.com/stock-market/USOTC/next-...agreements
Invest in 2,000,000 common shares of OMG at CAD$0.25 per share for a total amount of CAD$500,000 under a subscription agreement with OMG
Receive an additional 4,300,600 common shares representing 10% of the share capital of OMG post it's first round of financing, in exchange for NGW's provision of collaborative and commercial strategic support services under a services agreement, as described further below
Receive an option to purchase 2,395,000 shares of OMG CAD$0.50 per share, or such other number of shares equivalent to 5% of the share capital following its first round of financing
The Agreement is based on the expectation that OMG will complete its Initial Public Offering (IPO) in 2019 and is also subject to the approval of the Canadian Securities Exchange.
In consideration of the common shares issued in the capital of OMG, Next Green Wave will collaborate and provide commercial strategic support to OMG through a License and Service Agreement, including the following:
Adopting of nursery, cultivation and manufacturing techniques that will enable OMG to produce high quality cannabinoid oil through large scale production and in compliance with GMP standards;
Planning and design of necessary infrastructure for its outdoor and indoor facilities; and
Licensing of Next Green Wave's medicinal consumer product goods and brands across OMG's entire distribution network subject to countrywide regulation approval.
https://ih.advfn.com/stock-market/USOTC/next-...agreements
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