Consideration for the Assets is 18,000,000 shares in the Company's capital at a value of
"We are very thrilled to bring these exciting patents into our Emergence portfolio. With the patents holding a current value of over USD
In addition, the Company announces that
“Mr. Panesar brings a wealth of experience as a corporate executive. His vision, experience and skill set navigating capital markets will be a welcome addition to the team,” stated
Additionally, the Company also announces the appointment of
Additional information about the Company can be found on SEDAR (www.sedar.com) under the Company’s profile of “Emergence Global Enterprises Inc.” or on the OTC Markets.
About the Company
For further information on the Company, please contact
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the business and operations of the Company after acquisition of the Assets and any impact therefrom. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the nutraceutical and botanical industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. There can be no assurance that the proposed transaction will occur or that the anticipated financial, economic, or strategic benefits will be realized.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) or OTC Markets accepts responsibility for the adequacy or accuracy of this press release.
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