EXMO exchange and a public company GoverMedia Plus Canada Corp. reached a preliminary agreement to combine their businesses.
The company signed a letter of intent according to which GoverMedia Plus Canada Corp. gets exclusive rights for up to 180 days to negotiate the acquisition of the exchange. Upon completion of the transaction, the combined company will continue to conduct business under the brand EXMO and will be quoted on the stock exchange.
In the agreement the parties agreed to make every effort to form the structure of the proposed transaction for compliance with all requirements and minimize adverse tax consequences and costs.
“EXMO we consider this deal as a great opportunity to strengthen our team of professionals and increase our influence on international cryptocurrency market. This agreement will allow us to improve operational efficiency of the platform and use the best infrastructure for our users,” said CEO EXMO Sergey Zhdanov.
CEO GoverMedia Plus Canada Roland John. BOPP , in his turn said:
“I am very pleased to announce the proposed business agreement with one of Europe’s largest cryptocurrency exchanges – EXMO. This is the next important step in our previously announced strategic partnership. After the successful merger of businesses, the number of clients exceeds 2 million, which is qualitatively reflected in the improved operating and financial performance, and will provide an opportunity to expand business to markets in Europe, North America and Asia.”
It is assumed that the final transaction structure will depend on the final agreement between the two companies.
GoverMedia Plus Canada Corp. is a canadian public company with the Russian mission.
GoverMedia is developing a modern Internet platform that offers various online services including e-Commerce, social media, corporate database, messaging platform and services crowdfunding.
The company’s shares are traded on the stock exchange.