Brief: Save Foods Announces Signing Of Securities Exchange Agreement With Plantify Foods

Nexentis Technologies

31/03/2023 21:08

March 31 (Reuters) - Plantify Foods Inc  PTFY.V :
    * SAVE FOODS, INC. ANNOUNCES SIGNING OF SECURITIES EXCHANGE
AGREEMENT WITH PLANTIFY FOODS, INC.
    * SAVE FOODS INC - AGREEMENT PROVIDES THAT, EFFECTIVE AS OF
CLOSING DATE OF AGREEMENT, EACH PARTY WILL APPOINT ONE DIRECTOR
OF OTHER PARTY
    * SAVE FOODS INC - SAVE FOODS HAS DESIGNATED AMITAI WEISS,
CHAIRMAN OF BOARD OF SAVE FOODS, AS ITS APPOINTEE TO BOARD OF
DIRECTORS OF PLANTIFY
    * SAVE FOODS INC - PLANTIFY HAS DESIGNATED ROY BOROCHOV,
CHIEF
EXECUTIVE OFFICER OF PLANTIFY, AS ITS APPOINTEE TO BOARD OF
DIRECTORS OF SAVE FOODS
    * SAVE FOODS - PLANTIFY TO ISSUE CA$1.5 MILLION CONVERTIBLE
DEBENTURE TO SAVE FOODS IN A PRIVATE PLACEMENT
    * SAVE FOODS INC - DEAL PROVIDES PARTIES WILL ISSUE TO EACH
OTHER
19.99% OF RESPECTIVE CO'S ISSUED & OUTSTANDING CAPITAL STOCK ON
A NON-DILUTED BASIS

Source text for Eikon:  ID:nGNX24yW0z 
Further company coverage:  PTFY.V 

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