09:42 AM EST - Kraken Robotics Inc. : Has entered into a non-binding letter of intent dated April 8, in connection with the proposed acquisition of PanGeo Subsea Inc. from Cahill Innovation Inc, a member of the Cahill Group of Companies, and Argentum Asset Management AS. Moya Cahill, a director of Kraken, is a shareholder of Cahill Innovation Inc, and she resigned as a director of Kraken prior to the approval and execution of the LOI in order to ensure proper governance and review of the transaction by a fully arm’s length board. Kraken Robotics Inc.
shares V.PNG are trading unchanged at $0.70.
