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BRIEF-Avante Logixx starts strategic review, appoints interim CEO

Published 2017-10-23, 07:38 a/m
BRIEF-Avante Logixx starts strategic review, appoints interim CEO
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Oct 23 (Reuters) - Avante Logixx Inc XX.V -

* Avante Logixx Inc. announces interim CEO appointment

* Says Rodney Wechsler appointed interim CEO

* Avante Logixx Inc - company also announces today that its board of directors is commencing a review of strategic alternatives

* Avante Logixx Inc - strategic alternatives include but are not limited to a business combination, merger or sale

* Avante Logixx Inc- board is continuing with search efforts to identify and evaluate potential successor CEO candidates, including interim CEO

* Avante Logixx Inc - company has engaged Crosbie & Company Inc. to assist it in conducting and implementing the strategic review

* Avante Logixx Inc - intends to make normal course issuer bid to purchase up to 5.2 million common shares, to be transacted through facilities of exchange

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