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Leonovus announces engagement with DigiMax for a Digital Security Offering
Leonovus announces engagement with DigiMax for a Digital Security Offering Canada ...
About this update from Leonovus Inc.
[{"type":"text","content":"\n\n\n\nLeonovus announces engagement with DigiMax for a Digital Security Offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nOTTAWA, May 21, 2019\n\n\n\nOTTAWA, May 21, 2019 /CNW/ - LEONOVUS INC. (\"Leonovus\") (TSXV: LTV) (OTC: LVNSF) is pleased to announce that DIGIMAX GLOBAL SOLUTIONS (\"DigiMax\") (CSE: DIGI) has been appointed as Business Development Consultant by Leonovus. The purpose of the appointment is to assist Leonovus in preparing to issue a Digital Security Offering (\"DSO\"), also commonly called a Security Token Offering (\"STO\") in the United States and in other selected global jurisdictions.  \nDigiMax will take all steps necessary to assist Leonovus to prepare the requisite information to attract a syndicate of registered Broker/Dealers to raise approximately USD 25,000,000 (the \"Target Amount\") into Leonovus (the \"Private Placement\") for the Galaxa project. These consulting services include the recruitment of a Lead United States based licensed Broker/Dealer of Securities and other selling syndicate partners registered in their respective countries (collectively the \"Syndicate\"). DigiMax will earn a consulting fee of USD 437,500 on a percentage of completion basis of the Target Amount plus a work fee of USD 15,000. \nThe scope of work includes recruiting and assisting Leonovus to enter into a direct engagement between Leonovus and a Lead Registered Broker/Dealer in the United State; recruit other potential registered broker/dealers from around the world to work directly with Leonovus and the Lead Broker/Dealer.\nLeonovus previously announced the engagement of RockTree Capital Management Limited (\"RockTree\") of Beijing and New York to provide certain placement services to the Company in connection with its planned DSO/STO. DigiMax intends to work closely with Rocktree and build a larger investment syndicate. DigiMax will not perform any functions that require registration with securities regulators anywhere around the world.\n\"DigiMax is excited to be able to...