CUV Ventures Corp. CEO Steve Marshall Acquires All Outstanding Warrants Held by Vesilen Investment
29 4월 2019 - 9:00PM
CUV Ventures Corp. (TSX-V:
CUV) (the “Company”) is pleased
to announce that CEO, Steve Marshall, has acquired all 15,140,000
outstanding CUV Ventures warrants held by Vesilen Investment. Mr.
Marshall and Vesilen have also filed, on the 26th of April 2019,
their EWR (early warning report) in respect of the acquisition and,
these are available for review on SEDAR. Mr. Marshall has further
entered into a subsequent acquisition agreement, dated April 26th
2019, to acquire a further significant amount of CUV Ventures free
trading shares from Vesilen Investment, within the next 90 days.
About the Warrant
Acquisition
In a private transaction between Mr. Marshall
and, the principal of Vesilen Investment, 15,140,000 warrants of
the Company were transferred to Mr. Marshall. The total value of
the warrants, once exercised, would bring a total of CA$ 1,135,500
into the Company’s treasury. Mr. Marshall intends to exercise the
warrants to meet the future capital requirements of the
Company.
Future Relationship with Shareholder and
Insider Vesilen
Vesilen Investments continues as a significant
shareholder of the Company. In a written communication to the board
of directors on 26 April 2019, the CEO of Vesilen affirms that the
disposition of warrants to Mr. Marshall was to further allow
immediate financing of CUV Ventures and, also permit Vesilen to
focus on the RevoluFIN lending platform, as per the 8th March 2018
news release, in which Vesilen assumed the role as seed capital
source and, main protagonist, in the now active vertical,
RevoluFIN, financing platform. The Company welcomes this renewed
active role of Vesilen in its RevoluFIN division.
Letter from CEO Steve
Marshall
Mr. Marshall provides a letter to shareholders
https://docdro.id/XNkscSI
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset,
multidivisional publicly traded Canadian company deploying advanced
technologies in the; Online Travel, Vacation Resort, Mobile Apps,
Money Remittance, Mobile phone top-ups, Invoice factoring,
Blockchain Systems, and Fintech app sectors.
Our flagship technology is RevoluPAY®, the Apple
and Android multinational leisure payments and remittance app,
powered by blockchain protocols, and aimed at the worldwide + $595
billion family remittance market. Click here to read more.
For further information on CUV Ventures Corp.
(TSX-V: CUV) visit the Company’s website at www.cuvventures.com.
The Company has approximately 134,870,000 shares issued and
outstanding.
CUV VENTURES CORP.
“Steve Marshall” ______________________STEVE
MARSHALLCEO
For further information contact:Don MosherCUV
Ventures Corp.Telephone: (604) 685-6465Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@cuvventures.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
CUV Ventures (TSXV:CUV)
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CUV Ventures (TSXV:CUV)
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