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Amego Capital Corp. Announces Letter of Intent with Klarzen Green Technology LLC
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About this update from Amego Capital Corp.
[{"type":"text","content":"Amego Capital Corp. Announces Letter of Intent with Klarzen Green Technology LLCNot for distribution to United States newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.VANCOUVER, BC / ACCESSWIRE / December 12, 2023 / Amego Capital Corp. (TSXV:MEGO.P) (\"Amego\" or the \"Company\") is pleased to announce that it has entered into a non-binding letter of intent (\"LOI\") dated December 9, 2023 to complete a reverse takeover (the \"Transaction\") with Klarzen Green Technology LLC (\"Klarzen\"). The Transaction will be an arm's length transaction, and, if completed, will constitute Amego's \"Qualifying Transaction\" (as such term is defined in Policy 2.4 - Capital Pool Companies (\"Policy 2.4\") of the TSX Venture Exchange (the \"TSXV\" or the \"Exchange\") Corporate Finance Manual (the \"Manual\")).In connection with the Transaction, Amego and Klarzen will issue a subsequent news release setting out further information contemplated in Policy 2.4.Trading of Amego's common shares has been halted in accordance with the policies of the TSXV and will remain halted until such time as all required documentation in connection with the Transaction has been filed with and accepted by the TSXV and permission to resume trading has been obtained from the TSXV. It is likely that trading in the Amego's common shares will not resume prior to the closing of the Transaction.About Klarzen Green Technology LLCKlarzen is a leading solar energy company duly incorporated under the laws of Florida, USA with operations in Latin America. Through engineering, procurement and construction services and direct to consumer Power Purchase Agreements (\"PPAs\"), Klarzen has developed and built over 40 solar energy projects in Colombia. In June, 2021, Klarzen entered into a Power Purchase Agreement with an international oil and gas producer to design, finance, produce, and install a 10 MWp solar energy system in Casanare, Colombia. The total investment in the PPA project exceeded US$8 million and electrical production commenced in November, 2022. Klarzen is a limited liability company existing under the laws of Tampa, Florida, which was formed on August 3, 2018.To learn more, visit: https://www.klarzen.com.CapitalizationImmediately prior to the share exchange co...