Venza Gold Corp Announces Signing Letter of Intent to Acquire Core-Comm Holdings Inc
Venza Gold Corp announced that it has signed a letter of intent to acquire Core-Comm Holdings Inc. (Core-Comm). Core-Comm, a British Columbia private company, is in the process of developing edForm and edForma portals to serve the complex research requirements of English and Spanish education users. Under the proposed terms of the transaction, Venza will acquire Core-Comm through the issuance of one common share of Venza for each common share of Core-Comm. In addition, the current director of Venza will resign and be replaced with nominees of Core-Comm. Following closing of the transaction, Venza will change its name to Core-Comm Holdings Inc. or such other name as agreed to by the parties. Both Venza and Core-Comm have agreed not to solicit other proposals relating to any acquisition of their common shares or similar transactions from other persons or entities. The non-binding letter of intent is subject to the entry into a definitive agreement by September 30, 2013.
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