Mr. Tag Gill reports
WANGTON CAPITAL PROVIDES FURTHER UPDATE ON
QUALIFYING TRANSACTION WITH TONISITY, AN ANIMAL HEALTH AND NUTRITION COMPANY
Wangton Capital Corp. has provided an update with respect to its previously announced qualifying transaction with Kalmarna Ltd. (Tonisity BVI). As announced in its news releases of Dec. 14, 2021, and March 14, 2022, the company plans to acquire all of the issued and outstanding securities of Tonisity BVI as its qualifying transaction pursuant to the policies of the exchange.
The company and Tonisity BVI are continuing to pursue the transaction and discussions with potential investors are continuing. The transaction remains subject to the company and Tonisity BVI entering into a definitive agreement with respect to the transaction.
About Tonisity BVI
Tonisity is an animal health and nutrition company based in Ireland that is currently focusing its patented technology in two specific markets: (1) isotonic products for the enhancement of swine production; and (2) novel companion animal nutrition products. Tonisity is focused on creating positive physiological changes by addressing the issue of intestinal health of young animals, thus improving their overall health, leading to better lifetime performance. With respect to novel companion animal products, Tonisity is poised to become the first mover and market leader in a targeted nutrition approach for pets -- which is a rapidly growing market across the globe.
We seek Safe Harbor.
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