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BRIEF-Goldbelt Empires And Cannhealth Group Limited Announce LOI For Reverse-Takeover Transaction

Published 2018-10-31, 03:23 p/m
Updated 2018-10-31, 03:30 p/m
© Reuters.  BRIEF-Goldbelt Empires And Cannhealth Group Limited Announce LOI For Reverse-Takeover Transaction

Oct 31 (Reuters) - Goldbelt Empires Ltd GBE.V :

* GOLDBELT EMPIRES LIMITED AND CANNHEALTH GROUP LIMITED ANNOUNCE LETTER OF INTENT FOR REVERSE-TAKEOVER TRANSACTION

* GOLDBELT EMPIRES - GOLDBELT AND CANNHEALTH WILL COMBINE THEIR BUSINESS OPERATIONS RESULTING IN REVERSE TAKEOVER OF GOLDBELT BY CANNHEALTH AND UNITS

* GOLDBELT EMPIRES - ANTICIPATED COMPANY WILL HOLD ANNUAL GENERAL,SPECIAL MEETING OF SHAREHOLDERS IN CONNECTION WITH TRANSACTION, TO RENAME COMPANY

* GOLDBELT EMPIRES - LOI WAS APPROVED BY BOARD OF DIRECTORS OF GOLDBELT & ALSO RECEIVED APPROVAL BY BOARD OF DIRECTORS OF CANNHEALTH

* GOLDBELT EMPIRES - SHARE OF GOLDBELT ARE CURRENTLY HALTED FROM TRADING, EXPECTED TO REMAIN HALTED PENDING COMPLETION OF DEAL

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