(TheNewswire)
Montréal – TheNewswire - September 27, 2021 – ZeU Technologies,Inc. (CSE:ZEU) (CNSX:ZEU.CN) (OTC:ZEUCF) wishesto announce that it will unwind the Share Purchase Agreement withMoneyLine Sports Inc that had previously been reported in NewsReleases dated May 6, 2021, and August 11, 2021.
The Share Purchase Agreement was to acquire all of the issued andoutstanding shares of MoneyLine Sports Inc and its wholly-ownedsubsidiary, MoneyLine Sports Acquisition Corp., through ZeU GamingInc., a wholly-owned subsidiary of ZeU Technologies, Inc, for a totalconsideration of CDN$1,501,500.
As per the date of this press release, ZeU has not completed the duediligence required to finalize the transaction and has received noticefrom MoneyLine management on Friday, September 24, of their intent towithdraw from the proposed transaction. ZeU’s management will takethe actions required to unwind the transaction. No securities havebeen issued in relation to this proposed transaction.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
Frank Dumas President & CEO
ZeU is a forward-thinking Canadian technology company that hasdeveloped a state-of-the-art DLT protocol, providing the foundationfor the next generation of encrypted and distributed networks. Thanksto its high level of sophistication, ZeU’s technology maximizestransparency, security and scalability as well as big data management.ZeU’s strategy is to monetize DLT transactions in diverse sectorssuch as payment, gaming, data, and healthcare.
The CSE has in no way passed upon the merits of the Transaction and has neither approved nor disapproved thecontents of this press release.
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