Friday, March 17, 2017 12:11:38 PM
Deal Funded Via Shares Swap
Both the firms indicated that their respective shareholders have approved the exchange by a majority vote. In order to complete the transaction, Genufood Energy Enzymes Corp (OTCMKTS:GFOO) issued shares of its common stock to Natfresh Beverages Corp. The share exchange occurred at a face value of 1:1 ratio. A total of 1,156,460,641 shares of common stock issued by Genufood has hence been transferred to shareholders of Natfresh.
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