EXMO and GOVERMEDIA PLUS CANADA CORP. signed the Letter of Intent to acquire cryptocurrency platform. This LOI provides the Company with exclusivity in negotiating the transaction for a period of up to 180 days. Upon completion of the transaction, the combined entity will continue to carry on the business of EXMO.
Pursuant to the LOI, the parties have agreed to use their best efforts to formulate a structure for the proposed transaction that is envisioned to comply with all necessary legal and regulatory requirements and be as cost effective as possible.
It is anticipated that the final structure of the transaction will be defined by a definitive agreement between the Company and EXMO, and that such agreement will include representations, warranties and covenants typical for a transaction of similar nature to the proposed transaction as well as customary conditions precedent, including completion of due diligence and receipt of any required consents and approvals, including those of the CSE and shareholders of GoverMedia.
About EXMO: EXMO is one of the largest most trusted cryptocurrency exchanges. Over 1.3 million from more than 200 countries with 50k+ active traders, trust EXMO.COM to buy and sell digital close to 50 different cryptocurrency pairs. A great feature of EXMO is that it allows you to withdrawal fiat to your Visa or Mastercard. It gets credited right away to your credit card. The money is instantly credited from EXMO.COM to your card and then depending on the bank issuing your card, it's released from them within a day or two.
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About the writer: Ava Lauren
I write articles related to bitcoin and other cryptocurrencies. Email me