Recent News $IVITF ~ Invictus MD to Acquire Majority Control of Future Harvest Development
Vancouver, BC / TheNewswire / June 24, 2015 - INVICTUS MD STRATEGIES CORP. (“Invictus MD” or the "Company") (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to announce that it has accelerated its option to acquire, indirectly through its subsidiary, Prestige Worldwide Holdings Inc., an additional 26.25% of the shares of Future Harvest Development Ltd. ("Future Harvest") pursuant to the purchase and sale agreement dated March 3, 2015. Following the proposed accelerated acquisition, the Company's total interest in Future Harvest will be 60%.
Under the terms of the acceleration, the Company will issue $285,000 in cash plus 2,750,001 common shares at a deemed price of $0.135 in exchange for an additional 26.25% of the shares of Future Harvest. The proposed transaction is expected to occur on June 30, 2015.
For more details on the terms of transaction, please refer to the Company's news release dated March 4, 2015.
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