SnowWorld Leisure N.V. agreed to acquire Fornix BioSciences NV (ENXTAM:FORBI) from Value8 NV (ENXTAM:VALUE) and others in a reverse merger transaction on October 29, 2013. The deal will be funded through the issue of new shares and a loan by SnowWorld to Fornix. SnowWorld will take over the quotation of Fornix, which will accordingly change its name to SnowWorld.

Fornix BioSciences will convene an extraordinary shareholders' meeting on December 10, 2013 to discuss the transaction. As of December 9, 2013, SnowWorld Leisure N.V. entered into a definitive agreement to acquire Fornix BioSciences NV (ENXTAM:FORBI) from Value8 NV (ENXTAM:VALUE) and others in a reverse merger transaction. SnowWorld and Fornix also signed contractual agreements which need to be approved at BioSciences' shareholders meeting on December 10, 2013.

Michiel Martin, Robert-Jan Zwaan, Anne-Rieke van der Linden and Martijn Rijnhart of BarentsKrans acted as legal advisor to SnowWorld.