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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (60389)	7/9/2019 8:09:04 AM
From: Goose94	Read Replies (2) \| Respond to of 203442

Primary Energy Metals (PRIM-Cse) to Evaluate Acquisition of Colombian Licensed Producer July 3rd 2019 - NR Primary Energy Metals is pleased to announce that its board of directors has initiated a review of potential strategic acquisition opportunities for the Company. The board intends to focus this review on transactions in the cannabis sector, with particular attention to the cultivation and production of cannabis outside of North America. To commence that review, the Company has signed a non-binding letter of intent with NNZ Consulting Corp. ("NNZ") in order to evaluate the existing assets of NNZ with a view to pursuing an acquisition. NNZ is a privately-held company which, through its subsidiary, Ihuana SAS, is licensed to cultivate, produce and distribute cannabidiol (CBD) based medical grade cannabis in Colombia. Ihuana SAS is seeking to become a large scale producer of naturally grown premium quality non-psychoactive cannabis, with its primary operations centralized in the Bogota savannah in central Colombia. Readers are cautioned that the letter of intent entered into with NNZ does not set forth the terms of a potential transaction nor have such terms been finalized. Completion of any transaction with NNZ is subject to a number of conditions, including but not limited to, completion of due diligence, negotiation of definitive agreements in respect of such a transaction, the availability of any necessary financing on terms acceptable to the Company, and receipt of any required regulatory and shareholder approvals. A transaction cannot be completed until these conditions are satisfied, and there can be no assurance that a transaction will be completed at all. The Company will provide further information regarding its review of NNZ, and other potential transactions in the cannabis sector, as soon as it becomes available. ON BEHALF OF THE BOARD OF DIRECTORS PRIMARY ENERGY METALS INC. Joel Shacker Chief Executive Officer Telephone: +1 778-735-1000 E-mail: info@primaryenergymetals.com