EVI to ac­quire Evo­lu­tion iTrade

Stockwatch Daily - - MINES & METALS - Mr. Ron Miles re­ports

EVI GLOBAL Group De­vel­op­ments Corp. has signed a non-bind­ing let­ter of in­tent to ac­quire Evo­lu­tion iTrade Fi­nan­cial Group.

Evo­lu­tion iTrade Fi­nan­cial Group is a fi­nan­cial ser­vice com­pany that pro­vides an on-line plat­form for trad­ing spe­cial­iz­ing in trans­ac­tions in­volv­ing for­eign cur­rency ex­change. The com­pany spe­cial­izes in pro­vid­ing ex­cel­lent cus­tomer ser­vice and up-to-date in­for­ma­tion on trad­ing and mar­ket ac­tiv­ity. Through the on-line plat­form and in­ter­bank in­te­gra­tion, the com­pany of­fers ex­cel­lent on-line mar­ket ac­cess at ex­tremely rea­son­able and sta­ble prices. The com­pany is com­mit­ted to steadily im­prove its trad­ing tech­nol­ogy to suit the grow­ing needs of its global cus­tomer base.

Terms of the LOI agree­ment call for EVI to is­sue a per­cent­age of shares to the ven­dors that upon com­ple­tion, it would be deemed to be a ma­jor share­holder or con­trol block holder. The fi­nal struc­ture will be de­ter­mined in a de­fin­i­tive agree­ment. In ad­di­tion, EVI’s ad­viser, Chun Kwok Che­ung is to be ap-

pointed as a di­rec­tor of the com­pany, sub­ject to any and all reg­u­la­tory and cor­po­rate ap­provals.

We seek Safe Har­bor.

Nicholas Graeme David Ayling, Faisal Manji, Ron­ald Fred­eric Miles, Ge­orge Earle Nicholson

(EVI) Shares: 9,608,000

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