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Wellfield Technologies Inc. and Leonovus Inc. Announce Reverse Take-Over Spin-Out of Wellfield's Tradewind Markets Inc.
Wellfield Technologies Inc. and Leonovus Inc. Announce Reverse Take-Over Spin-Out of Wellfield's ...
About this update from Leonovus Inc.
[{"type":"text","content":"\n\n\n\n Wellfield Technologies Inc. and Leonovus Inc. Announce Reverse Take-Over Spin-Out of Wellfield's Tradewind Markets Inc.\n \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 Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 6, 2024\n \n\n /CNW/ -\n \n Wellfield Technologies Inc.\n \n (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (\"\n \n Wellfield\n \n \") and Leonovus Inc. (TSXV: LTV) (\"\n \n Leonovus\n \n \") are pleased to announce that, further to Wellfield's\n \n July 16, 2024\n \n news release, they have entered into a definitive agreement (the \"\n \n Definitive Agreement\n \n \") dated\n \n September 5, 2024\n \n outlining the terms upon which Leonovus will acquire all of the issued and outstanding common shares in the capital of Tradewind Markets Inc. (\"\n \n Tradewind\n \n \"), a wholly-owned subsidiary of Wellfield incorporated under the laws of\n \n Delaware\n \n , to Leonovus in exchange for an aggregate of 444,444,444 pre-consolidated common shares in the capital of Leonovus (the \"\n \n Leonovus Shares\n \n \"), which will result in a \"Reverse Take-Over\" of Leonovus (the \"\n \n RTO\n \n \") under the policies of the TSX Venture Exchange (the \"\n \n TSXV\n \n \"). In connection with the completion of the RTO, Leonovus will change its name to \"Tradewind Markets Inc.\" (the \"\n \n Resulting Issuer\n \n \"), or such other name as determined by the parties.\n \n\n\n The Resulting Issuer: Tradewind Markets Inc.\n \n\n\n\n Tradewind: Revolutionizing Gold Ownership and Trading\n \n\n\n Tradewind is at the forefront of the digital gold market, leveraging blockchain technology and a unique collaboration with a sovereign mint to provide investors with digital ownership of securely custodied gold, along with powerful 24/7 trading solutions. Through its flagship products, VaultChain™ Gold and VaultChain™ Silver, Tradewind has digitized ownership of over\n \n CDN$170 million\n \n in physical metal on its platform. In the coming months, Tradewind will introduce a suite of smart contract-based\n \n decentralized\n \n finance (\n \n DeFi\...