(via TheNewswire)
Thrive Focus: Our priority is Global BioDefense before the next Pandemic
The acquisition will take the form of a reverse merger whereby THRV will become part of CNER but the management and control of CNER will be THRV based. An exchange of shares shall apply among other terms and condition including due diligence.
THRV may become a wholly owned subsidiary of CNER. THRV current management may become the new management of CNER inclusive of operating and asset rich THRV.
Subject to closing, current CNER management and directors will resign appointing and the THRV team will as new directors and officers and thus THRV management will assume the management of CNER. Through this proposed transaction CNER will focus on the BioSensor and Medical Devices sector supporting decentralized laboratory testing for Viruses and Bacteria on surfaces, in air, in water and in humans/animals
The terms are non-binding and final terms, conditions, and closing are subject to a definitive agreement, and such definitive agreement is anticipated with closing to follow, all within
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China New Energy Group Co Contact:
Chairman and CEO
gary@galtcap.com
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