Keon Capital Inc (TSE:KEON.H) has released an update.
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Keon Capital Inc. has finalized agreements to acquire Frame Holdings Inc., with Keon’s shareholders poised to receive new shares post a strategic share consolidation. The deal includes a minimum $2 million equity financing by Frame and hinges on multiple conditions including approvals from the Exchange and Frame’s shareholders. This transformative transaction, structured as a three-cornered amalgamation, marks a significant ‘Change of Business’ and ‘Reverse Takeover’ for Keon according to TSX Venture Exchange guidelines.
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