An unknown private investment group entered into share purchase agreement to acquire Wooden Table Hospitality Corp. from Canadian Nexus Team Ventures Corp. for CAD 0.35 million.

An unknown private investment group entered into share purchase agreement to acquire Wooden Table Hospitality Corp. from Canadian Nexus Team Ventures Corp. (CNSX:TEAM) for CAD 0.35 million on September 1, 2023.

The purchase price under the Agreement for the sale of Wooden Table was CAD 350,000, which was satisfied by the Group as a result of the Group?s assumption (from the property vendor) of an equivalent amount of indebtedness the Company owed under the Abitibi Project agreement, as amended May 25, 2023. Wooden Table?s indebtedness to the Company of CAD 320,000 plus interest (under a note receivable, as disclosed in the Company?s interim financial statements for the period ended June 30, 2023, with further information in Note 4) is extinguished on closing of the sale of the Wooden Table shares to the Group.