Montréal – TheNewswire - September 27, 2021 – ZeU Technologies, Inc. (CSE:ZEU) (CSE:ZEU) (OTC:ZEUCF) wishes to announce that it will unwind the Share Purchase Agreement with MoneyLine Sports Inc that had previously been reported in News Releases dated May 6, 2021, and August 11, 2021.
The Share Purchase Agreement was to acquire all of the issued and outstanding shares of MoneyLine Sports Inc and its wholly-owned subsidiary, MoneyLine Sports Acquisition Corp., through ZeU Gaming Inc., a wholly-owned subsidiary of ZeU Technologies, Inc, for a total consideration of CDN$1,501,500.
As per the date of this press release, ZeU has not completed the due diligence required to finalize the transaction and has received notice from MoneyLine management on Friday, September 24, of their intent to withdraw from the proposed transaction. ZeU's management will take the actions required to unwind the transaction. No securities have been issued in relation to this proposed transaction.
ON BEHALF OF THE BOARD OF DIRECTORS
"Frank Dumas"
Frank Dumas President & CEO
About ZeU
ZeU is a forward-thinking Canadian technology company that has developed a state-of-the-art DLT protocol, providing the foundation for the next generation of encrypted and distributed networks. Thanks to its high level of sophistication, ZeU's technology maximizes transparency, security and scalability as well as big data management. ZeU's strategy is to monetize DLT transactions in diverse sectors such as payment, gaming, data, and healthcare.
The CSE has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release.
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蒙特雷亚尔-新闻通讯社-2021年9月27日– Zeu Technologies,Inc.(CSE:Zeu)(CSE:Zeu)(场外交易:ZEUCF)希望宣布,它将解除与MoneyLine Sports Inc.的股票购买协议,该协议此前曾在2021年5月6日和2021年8月11日的新闻稿中报道过。
股票购买协议是通过Zeu技术公司的全资子公司Zeu Gaming Inc.收购MoneyLine Sports Inc.及其全资子公司MoneyLine Sports Acquisition Corp.的所有已发行和流通股,总代价为1,501,500加元。
截至本新闻稿日期,Zeu尚未完成敲定交易所需的尽职调查,并已于9月24日(星期五)收到MoneyLine管理层的通知,表示他们打算退出拟议的交易。Zeu的管理层将采取必要的行动解除交易。与这项拟议交易相关的证券尚未发行。
我谨代表董事会
“弗兰克大仲马“
弗兰克·大仲马总统 & 首席执行官
关于宙斯
Zeu是一家具有前瞻性的加拿大科技公司,它开发了最先进的DLT协议,为下一代加密和分布式网络奠定了基础。由于其高度的复杂性,Zeu的技术最大限度地提高了透明度、安全性和可扩展性,以及大数据管理。Zeu的战略是将支付、游戏、数据和医疗等不同行业的DLT交易货币化。
这个CSE有在……里面不是道路通过在这个优点的这个交易记录和有两样已批准也不是不批准内容的这按下放手。
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