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Provider: Reuters Investment Profile

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Stratton Capital Corp enters into letter of intent with Be Nourished Inc. for proposed qualifying transaction

Friday, 10 Jan 2014 01:58pm EST 

Stratton Capital Corp:Says it has signed a letter of intent (LOI) with Be Nourished Inc., which outlines the general terms and conditions.Says pursuant to which Stratton and Be Nourished would be willing to complete a transaction that will result in a reverse take-over of Stratton by the shareholders of Be Nourished.Says the LOI was negotiated at arm's length and is effective as of Jan. 8, 2014.Says LOI is to be superseded by a definitive merger, amalgamation or share exchange agreement (to be signed on or before Feb. 14, 2014 (or such other date as may be mutually agreed in writing between Stratton and Be Nourished). 

Company Quote

0.01 +16.67%
31 Dec 2013