Mr. Kal Malhi reports
MICRON WASTE COMPLETES ACQUISITION OF COVID TECHNOLOGIES AND APPOINTS HARVEER SINGH SIDHU TO BOARD OF DIRECTORS
Further to its news releases on April 20, 2020, and May 19, 2020, Micron Waste Technologies Inc. has completed the acquisition of all of the issued and outstanding shares of Covid Technologies Inc. pursuant to the terms of a share exchange agreement, effective May 18, 2020, among the company, Covid Technologies and the securityholders of Covid Technologies.
Pursuant to the terms of the definitive agreement and in consideration of the acquisition, the company issued to the former Covid Technologies securityholders:
An aggregate of 16.5 million common shares of the company at a deemed price of eight cents per consideration share;
An aggregate of 16.5 million replacement warrants exercisable into common shares in the capital of the company for a price of 10 cents for a period up to and including April 28, 2025.
Additionally, effective upon closing of the acquisition, Harveer Singh Sidhu was appointed to the company's board of directors.
About Covid Technologies
Covid Technologies is preparing to deliver much-needed personal protective equipment (PPE) by providing Canadian-made, high-quality, vapour barrier technology (masks, protective garments), that provide protection from biological hazards, pathogens and superbugs.
About Micron Waste Technologies Inc.
Micron is a well-financed industrial/technology company with a manufacturing facility in Delta, B.C.
We seek Safe Harbor.
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