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BRIEF-Invictus Announces Strategic Merger With GTEC Holdings

Published 2018-11-16, 09:41 a/m
© Reuters.  BRIEF-Invictus Announces Strategic Merger With GTEC Holdings
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Nov 16 (Reuters) - Invictus MD Strategies Corp GENE.V :

* INVICTUS ANNOUNCES STRATEGIC MERGER WITH GTEC HOLDINGS FORMING WESTERN CANADA'S LARGEST INDOOR VERTICALLY INTEGRATED CANNABIS COMPANY

* INVICTUS MD STRATEGIES CORP - DEAL FOR TRANSACTION VALUED AT APPROXIMATELY $100 MILLION

* INVICTUS MD STRATEGIES - HOLDERS OF GTEC COMMON SHARES WILL RECEIVE APPROXIMATELY 40% OF ISSUED AND OUTSTANDING SHARES OF INVICTUS POST-CLOSING

* INVICTUS MD STRATEGIES CORP - TRANSACTION WILL BE EFFECTED BY WAY OF A PLAN OF ARRANGEMENT COMPLETED UNDER BUSINESS CORPORATIONS ACT

* INVICTUS MD STRATEGIES CORP - ANTICIPATED THAT DIRECTORS, OFFICERS, INSIDERS OF GTEC, CO WILL ENTER SUPPORT AGREEMENTS TO VOTE IN FAVOUR OF DEAL

* INVICTUS MD STRATEGIES CORP - ANTICIPATED THAT INVICTUS AND/OR GTEC WILL HIRE FINANCIAL ADVISORS IN CONNECTION WITH DEAL

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