Monday, October 02, 2017 3:12:03 PM
Sichuan, China -- October 02, 2017 -- InvestorsHub NewsWire -- Chongqing Yuhuan Technology Co., Ltd., operating as Canoe Pool and Santo Mining Corp., operating as Podwerks (OTC: SANP), a manufacturer of modular container units servicing the U.S., today announce the signing of a letter of intent ahead of executing a definitive agreement to merge the two companies.The merger will result in a new entity called Canoe Pool America, focused on developing and expanding the U.S. operations for Canoe Pool’s bitcoin mining operations Once the merger agreement has been executed Canoe Pool is to receive 150 million shares of SANP preferred stock, representing 35% of SANP post-merger stock. An additional 50 million shares of preferred stock will be issued upon achievement of certain Bitcoin mining milestones, for a total of up to 40% of SANP post-merger stock. Canoe Pool will be given three director slots to the SANP Board of Directors. The transaction is expected to be finalized within the next 4-6 weeks.
Good afternoon,
$SANP right now is currently at the most undervalued price considering that LI ANG is great friends with JIHAN WU (Co founder of BITMAIN Technologies LTD.) in the latest PR released today October 2nd 2017 by CEO of Canoe Pool and partner with Bitmain LI ANG states:
https://ih.advfn.com/p.php?pid=nmona&article=75771055
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