Oct 5 (Reuters) - Wolf Acquisition Corp WOLFp.V :
* . ANNOUNCES PROPOSED QUALIFYING TRANSACTION
* ENTERED INTO BINDING LETTER OF INTENT DATED OCT 5, 2018 WITH ABAXX TECHNOLOGIES INC TO EFFECT A BUSINESS COMBINATION OF TWO COS
* PROPOSED TRANSACTION WILL BE A REVERSE TAKEOVER OF CORPORATION BY ABAXX AND ITS SHAREHOLDERS
* WOLF ACQUISITION-PURSUANT TO DEAL,HOLDERS OF ISSUED,OUTSTANDING COMMON SHARES OF ABAXX SHALL RECEIVE ONE WOLF COMMON SHARE FOR EACH ABAXX COMMON SHARE HELD
* WOLF ACQUISITION -ON OR IMMEDIATELY PRIOR TO COMPLETION OF TRANSACTION, SEE THAT CO WILL EFFECT A NAME CHANGE TO SUCH NAME AS MAY BE DETERMINED BY ABAXX
* WOLF -SEES ON OR IMMEDIATELY PRIOR TO COMPLETION OF TRANSACTION, CONSOLIDATE WOLF SHARES ON BASIS OF 1 "NEW" WOLF SHARE FOR EVERY 2.71605 "OLD" CO SHARES ISSUED & OUTSTANDING