Business News • MarketWire • Montreux Capital Corp. Proposed Acquisition of Kowops eCommunity Solutions Phils and Certain Assets of Kowops eCommunity Solutions Inc. |
Montreux Capital Corp. Proposed Acquisition of Kowops eCommunity Solutions Phils and Certain Assets of Kowops eCommunity Solutions Inc. |
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Montreux Capital Corp. Proposed Acquisition of Kowops eCommunity Solutions Phils and Certain Assets of Kowops eCommunity Solutions Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2012) - Montreux Capital Corp. (TSX VENTURE:MRX.H) (the "Company") reports that it has negotiated the general terms of a purchase letter agreement (the "Agreement") dated April 26, 2012, to acquire certain assets of Kowops eCommunity Solutions Inc. ("Kowops") and to own not less than 97.33% of the issued and outstanding shares of Kowops eCommunity Solutions Phils Inc. (Kowops Phils) of the Philippines by the Company subscribing for new shares in Kowops Phils (collectively the "Proposed Transaction"). Pursuant to the policies of the TSX Venture Exchange (the "Exchange"), trading in the Company's shares has been halted pending this announcement. The Proposed Transaction is intended to be the Company's Qualifying Transaction ("QT") under Exchange Policy 2.4.
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