Favo Realty Inc. (OTCPK:FAVO) sent a letter of intent to acquire unknown majority stake in Orbvest (Pty) Ltd on May 13, 2019. Favo Realty Inc. will acquire a minimum of 50.1% to 100% of the issued and outstanding ordinary shares of Orbvest (Pty) Ltd for $0.40 per share. FAVO will also offer all OrbVest shareholders a OrbVest Shareholder Warrant. In addition to the 36.5% premium being offered for OrbVest Shares, for every 1000 shares of OrbVest an OrbVest shareholder owns, they will have the right to purchase 100 shares of FAVO stock at $2.00 per share for 5 years from the date of the closing. The final offer will be submitted by June 14th, 2019 and will be subject to shareholder approval at both companies, regulatory review and other customary conditions. McMurdo Law Group, LLC is acting as legal advisors to Favo Realty Inc. Favo Realty Inc. (OTCPK:FAVO) cancelled the acquisition of unknown majority stake in Orbvest (Pty) Ltd on June 24, 2019. Favo Realty terminated the transaction as they found some items during their due diligence process could pose long-term risks to Favo Realty and their shareholders.