Global Consortium, Inc. to retire 60 million shares of its Outstanding Common stock
- Rescinds transaction with Trans Global Group
- Assigns all rights to the device for return of the shares
- Agrees to assist in distribution
Coconut Creek, FL -- January 10, 2019 -- InvestorsHub NewsWire -- Global Consortium, Inc., (OTCPINK: GCGX) and Trans Global Group, Inc. (OTC: TGGI) rescinded their transaction effective December 31, 2018.
Global Consortium will assign all rights to the device to Trans Global Group, Inc. (OTC: TGGI) in exchange for the cancelation of Trans Global's 60 million shares of GCGX Outstanding Common stock.
TGGI will receive additional support in rolling out the device through Global's existing distribution network of over 400 locations.
Global Consortium has agreed to pay $120,000 to TGGI over 12 months beginning March 1, 2019.
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