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BRIEF-Moxian Signs A Letter Of Intent With Btab Group, Inc

Published 10/08/2020, 11:25 pm
Updated 10/08/2020, 11:30 pm
© Reuters.
ABTS
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Aug 10 (Reuters) - Moxian Inc MOXC.O :

* MOXIAN SIGNS A LETTER OF INTENT WITH BTAB GROUP, INC

* MOXIAN INC - CO, BTAB GROUP WILL FURTHER NEGOTIATE, AND IF TERMS ARE AGREED, ENTER INTO A MERGER AGREEMENT FOR A BUSINESS COMBINATION

* MOXIAN INC - CONTEMPLATED THAT COMPANY WILL ISSUE BOTH COMMON AND PREFERRED SHARES IN EXCHANGE FOR COMMON SHARES OF BTAB

* MOXIAN - ANY MERGER WITH BTAB WILL BE SUBJECT TO CERTAIN CONDITIONS, INCLUDING SATISFACTORY COMPLETION OF DUE DILIGENCE, AUDIT OF FINANCIAL STATEMENTS

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