03:16 PM EST - Kingsway Arms Retirement Residences Inc. : Announced a reverse takeover transaction . Pursuant to a binding commitment letter dated November 5, the Company has agreed to acquire from Mainstreet Investment Company, LLC, an affiliate of Mainstreet Property Group, LLC, all of its issued and outstanding shares of Mainstreet Health Holdings Inc., a newly formed Cayman Islands corporation, for an implied purchase price of approximately $15.6 million U.S. Kingsway Arms Retirement Residences Inc.
shares V.KWA are trading unchanged at $0.04.
