Canadian public company GoverMedia Plus Canada Corp. signed a memorandum of intent with the cryptocurrency exchange EXMO, which provides it with exclusive rights to negotiate the purchase of the latter for 180 days. If the transaction takes place, the combined company will continue to conduct business under the EXMO brand and will be quoted on the Canadian Stock Exchange (CSE). This BlockchainJournal reported representatives of the trading platform.
The final agreement between GoverMedia and EXMO should include approvals, warranties and contractual obligations, as well as a comprehensive legal assessment and obtaining any necessary approvals and approvals, including the requirements of the CSE and GoverMedia shareholders.
“After the successful merger of businesses, the number of customers will exceed 2 million, which will qualitatively affect the improvement of operating and financial performance, as well as provide an opportunity to expand the business to the markets of Europe, North America and Asia ,” said Roland J. Bopp, general director of GoverMedia.
It is also noteworthy that GoverMedia has a subsidiary in Russia – Govermedia Plus LLC, a developer of an Internet platform for the needs of small and medium businesses.
Earlier, EXMO refused to hold ICO.
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