RevoluGROUP Canada Inc. Suitor Conference Call Planned 2nd April, Corporate Update
March 31 2023 - 4:34PM
RevoluGROUP Canada Inc.
(TSX-V:
REVO),
(Frankfurt: IJA2),
(Munich: A2PU92), (the "Company")
is pleased to announce that a conference call is planned for April
2nd, 2023 between CEO, Steve Marshall, and the CEO of the European
Financially Regulated entity. The Company issues the current news
release in conformity with policy 85, sections A and C of the
SECURITIES ACT as it pertains to "Continuous Disclosure."
Suitor Conference Call Planned
2nd April
2023
The Company would like to advise shareholders
that CEO, Steve Marshall expects to attend a prearranged conference
call with the CEO of the European Financially Regulated entity on
Sunday, April 2nd, 2023. On March 20th, 2023 the Company informed
shareholders that it had signed a mutually agreed addendum
assigning a newly defined timeline within which the European
Financially Regulated entity expected to complete within what was
then a new 14-day maximum term ending on or before midnight April
2nd, 2023, likewise the investment proposal was projected to
culminate on or before midnight on April 3rd, 2023. Since these
dates are looming the parties intend to discuss the next steps on
the aforementioned date. The Company expects to update shareholders
on Monday as to the outcome of the call.
Current Status of the Equity
Investment
Further to the news release dated 20th of March,
2023, the timeline agreed by the suitors of the mutually agreed
third addendum assigns the newly defined period within which the
European Financially Regulated entity expects to complete within a
new 14-day maximum term ending on or before midnight April 2nd,
2023. As such, the investment proposal is anticipated to culminate
on or before midnight on April 3rd, 2023. As previously stated CEO,
Steve Marshall expects to attend a planned conference call with the
CEO of the European Financially Regulated entity on April 2nd,
2023. Even so, the Company repeats there can be no guarantee that
any definitive agreement, tender, or investment will be completed.
The Company will keep shareholders closely informed of developments
throughout the final mutually agreed extension term.
Mr. Marshall Share
Disposition
Further to the news release dated March 24th,
2023, and the subsequent early warning report filed on March 27th,
2023, Company CEO Steve Marshall has today reported the disposition
of a final tranche of his shareholdings. Mr. Marshall is now
pleased to announce that the personal brokerage margin account has
been fully satisfied via the recent divestment of privately held
shares in RevoluGROUP as reported today on the System for
Electronic Disclosure by Insiders (SEDI). Mr. Marshall continues as
one of the Company's largest shareholders, with approximately 5.5m
shares. He also holds 4,496,000 exercisable corporate warrants.
About RevoluPAY®
The Company's flagship Neobanking technology is
RevoluPAY®, the Apple and Android multinational payment app.
Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include Remittance Payments, Forex, Crypto-to-fiat exchange, Retail
and Hospitality payments, Real Estate Payments, pay-as-you-go phone
top-ups, Gift Cards & Online Credits, Utility Bill payments,
Gaming Credits, Leisure payments, Travel Payments, etc. RevoluPAY
is aimed squarely at the worldwide multi-billion dollar Open
Banking sector, cross-border forex payments, and + $595 billion
family remittance market. RevoluPAY® is operated by the European
wholly-owned subsidiary RevoluPAY EP S.L situated in Barcelona.
RevoluPAY is a licensed United States MSB, Canadian FINTRAC, and
European PSD2 payment institution 6900 under the auspices of E.U.
Directive 2015/2366 with E.U. 27 Country Passporting and official
issuer of Visa® Cards and
authorized Visa® Affiliate Member.
RevoluGROUP Canada Inc. controls five wholly-owned subsidiaries on
four continents.
About RevoluGROUP
Canada Inc.:
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional, publicly traded Canadian Company deploying
advanced technologies in; Banking, Mobile Apps, Money Remittance,
Cross-Border Forex Payments, Mobile Phone Top-Ups, EGaming,
Healthcare Payments, Esports, Invoice factoring, Online Travel,
Vacation Resort, Blockchain Systems, and Fintech app sectors. Click
here to read more.
For further information on RevoluGROUP Canada
Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com. The Company has approximately 193,585,376
shares issued and outstanding.
RevoluGROUP Canada,
Inc.
"Steve Marshall" ______________________STEVE
MARSHALLCEO
For further information, contact:RevoluGROUP
Canada Inc.Telephone: (604) 332 5355Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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