Deutsche Borse, Frankfurt: 3NVN
Germany: WKN A1JVHM/
RICHMOND, BC, March 2, 2017 /CNW/ - Nass Valley Gateway Ltd. (the "Company" or "Nass Valley") wishes to announce that the Company and IXI Treasury Holdings Limited ("ITHL") have executed the Definitive Asset Purchase Agreement ("DAP-Agr") based on the agreed upon terms of the LOI, as announced February 8, 2017, to acquire 100% of ITHL, which acquired ownership of Brazilian Government Treasury Bonds ("Assets-ITHL") with a confirmed "Value" of US$ 625,660,025, as to ITHL's updated audited financial statements dated December 31, 2016.
Nass Valley also wishes to announce that its Board of Directors has approved a "Reversed Split" of its share capital at a ratio of 2:1 in accordance to the terms of LOI and the rules of the CSE and subsequent to the CSE approval will change of its name to IXI Energy Inc., with the reserved trading symbol of "IXE".
Nass Valley will be seeking the consent for the Acquisition of ITHL from four shareholders controlling in excess of 54% of the Company's outstanding shares and has also called a Special Meeting of its Shareholders for April 4th, 2017 in order to approve a change of its Articles to include the issuance of convertible preferred shares of different classes and series in order to satisfy the terms of the DAP-Agr as consideration for the significant acquisition as announced in the News-Release of February 8, 2017 and also to facilitate the acquisition of future projects to add value to the Company.
We seek Safe Harbor.
The CSE has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
SOURCE Nass Valley Gateway Ltd.
For further information: Dieter Peter, President & CEO, Phone: 604-278-1135