11:02 AM EST - Core One Labs Inc. : Announced that it has entered into a non-binding letter of intent, dated June 4, 2020, with Rejuva Alternative Medicine Research Centre Inc. and Shahcor Health Services Inc., pursuant to which the Company proposes to acquire all of the outstanding share capital of Rejuva and onequarter of the outstanding share capital of Shahcor. Under the terms of the Letter of Intent, in consideration for all of the outstanding share capital of Rejuva, the Company is expected to issue 23,000,000 post-Consolidation common shares to the existing shareholders of Rejuva. In consideration for one-quarter of the outstanding share capital of Shahcor, the Company is expected to make a onetime cash payment of $400,000 and to issue 5,555,556 post-Consolidation common shares to the existing shareholders of Shahcor. Core One Labs Inc.
shares COOL:CNX are trading up 19.23 percent at $0.16.
