07:18:25 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Invictus MD Strategies Corp
Symbol IMH
Shares Issued 47,244,880
Close 2015-06-23 C$ 0.155
Market Cap C$ 7,322,956
Recent Sedar Documents

Invictus MD to acquire another 26% of Future Harvest

2015-06-24 08:36 ET - News Release

Mr. Dan Kriznic reports

INVICTUS MD TO ACQUIRE MAJORITY CONTROL OF FUTURE HARVEST DEVELOPMENT

Invictus MD Strategies Corp. has accelerated its option to acquire, indirectly through its subsidiary, Prestige Worldwide Holdings Inc., an additional 26.25 per cent of the shares of Future Harvest Development Ltd. pursuant to the purchase and sale agreement dated March 3, 2015. Following the proposed accelerated acquisition, the company's total interest in Future Harvest will be 60 per cent.

Under the terms of the acceleration, the company will issue $285,000 in cash plus 2,750,001 common shares at a deemed price of 13.5 cents in exchange for an additional 26.25 per cent of the shares of Future Harvest. The proposed transaction is expected to occur on June 30, 2015.

For more details on the terms of transaction, please refer to the company's news release dated March 4, 2015.

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