Micron Waste Completes Acquisition of Covid Technologies and Appoints Harveer Singh Sidhu to Board of Directors
Micron Waste Completes Acquisition of Covid Technologies and Appoints Harveer Singh Sidhu to Board of Directors |
[10-July-2020] |
VANCOUVER, BC, July 10, 2020 /CNW/ - Micron Waste Technologies Inc. ("Micron" or the "Company") (CSE: MWM) (OTC: MICWF) (Frankfurt: 7FM2) (OTCQB: MICWF), is pleased to announce that, further to its news releases on April 20, 2020, and May 19, 2020, the Company has completed the acquisition (the "Acquisition") of all of the issued and outstanding shares of Covid Technologies Inc. ("Covid Technologies") pursuant to the terms of a share exchange agreement, effective May 18, 2020 (the "Definitive Agreement") among the Company, Covid Technologies, and the securityholders of Covid Technologies. Pursuant to the terms of the Definitive Agreement and in consideration of the Acquisition, the Company issued to the former Covid Technologies securityholders:
Additionally, effective upon closing of the Acquisition, Harveer Singh Sidhu was appointed to the Company's board of directors. About Covid Technologies Covid Technologies is preparing to deliver much needed personal protective equipment ("PPE") by providing Canadian-made, high quality, vapour barrier technology (masks, protective garments), that provide protection from biological hazards, pathogens, and suberbugs. About Micron Micron is a well-funded industrial/technology company with a manufacturing facility in Delta, BC. Micron is currently developing waste digesters using proprietary technology. Micron's waste digester business is focused on the cannabis and food industry with its Cannivore, Organivore and Pharmavore waste digesters. The Company will continue its research and development of its waste digester business alongside its PPE manufacturing business. Micron is a public company with listings on the CSE: MWM, OTC: MICWF, and in Frankfurt: 7FM2. ON BEHALF OF THE BOARD OF DIRECTORS "Kal Malhi" Kal Malhi, The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. FORWARD LOOKING STATEMENTS: SOURCE Micron Waste Technologies Inc. | ||
Company Codes: OTC-PINK:MICWF, CNSX:MWM, Frankfurt:7FM2, Frankfurt:7FM3, OTC-QB:MICWF |
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