Business
Universal Ibogaine Advises of Update on the Status of Proposed Sale of Belize Island Property
(TheNewswire) Calgary, AB – TheNewswire - June 7, 2023 – Universal Ib...
About this update from Universal Ibogaine Inc
[{"type":"text","content":"Universal Ibogaine Advises of Update on the Status of Proposed Sale of Belize Island Property\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Calgary, AB –\n \n \n TheNewswire -\n \n \n June 7, 2023 – Universal Ibogaine Inc.\n(\n \n \n TSXV:IBO\n \n \n ) (“\n \n \n UI\n \n \n ” or the “\n \n \n Company\n \n \n ”), a life sciences company with a\nmission to deliver medicalized ibogaine-centered addiction care,\nadvises that it will not be closing its previously announced (see News\nRelease of March 30, 2023) agreement to sell its 20-acre undeveloped\nisland property located in Belize (the “\n \n \n Property\n \n \n ”) for USD\n1,300,000 on June 15, 2023 as was scheduled.\n \n \n \n \n The Purchaser, an arms-length Belize based party,\nadvised at completion of their due diligence period that they were not\nyet in a position to release the initial USD 20,000 non-refundable\ndeposit, citing concerns with potential negative effects from the\nongoing US government’s debt ceiling issue, and its potential effect\non the global economy.\n \n \n \n \n UI continues to work with the Purchaser, which has\nexpressed interest in a potential extension of their offer to purchase\nthe Property, and will provide a further update as more information\nbecomes available.\n \n \n \n \n \n About Universal\nIbogaine Inc.\n \n \n \n \n \n \n UI is a life sciences company,\n \n \n \n \n with a mission to\ntransform addiction treatment using medicalized ibogaine through a\nplanned Canadian clinical trial focused on opioid use disorder, and\nultimately to utilize that treatment protocol globally through planned\nfuture licensing agreements.\n \n \n \n \n UI is concurrently developing a state of the art holistic\naddiction treatment protocol at its Kelburn Recovery Centre (located\nnear Winnipeg, Manitoba) that, which when paired with the planned\nibogaine detox protocol, is intended to revolutionize the way we treat\naddiction and drastically improve the lives of individuals and\nfamilies affected by addiction.\n \n \n \n \n \n \n NEITHER THE TSX\nVENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS\nDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS\nRESPONSIBILITY FOR ...