System Messages

Match Capital to Acquire Gulf Int'l in Reverse Takeover

Toronto, Ontario-based Match Capital Resources Corp. has entered into a binding letter of intent with Hong Kong-headquartered Gulf International Minerals & Energy Group Ltd. (GIMEG Canada), a private elder care facilities company that is developing its first five-star retirement home resort brand called Gulfcare, to acquire all the issued and outstanding securities of GIMEG Canada, resulting in a reverse takeover of Match by GIMEG Canada's shareholders. The transaction is subject to approval and applicable shareholder and regulatory approvals. In connection with the transaction, Match intends to apply for listing of its common shares on the Toronto Stock Exchange.

Information summarized from: 
Canada Stockwatch

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