LeoNovus ( (TSE:LTV) ) just unveiled an announcement.
Leonovus Inc. is undergoing a reverse take-over by Tradewind Markets Inc., a subsidiary of Wellfield Technologies, resulting in a name change to Tradewind Precious Metals Exchange Inc. This transaction involves the issuance of 562,500,000 pre-consolidated Leonovus shares and a $4 million brokered financing agreement. The financing will be conducted through a private placement offering with Research Capital Corporation as the sole agent, involving debt equity and equity subscription receipts. The move is expected to enhance Leonovus’s market positioning and operational capabilities in the digital gold trading sector.
More about LeoNovus
Tradewind is a digital gold trading exchange that utilizes blockchain technology to tokenize physical gold and silver, facilitating seamless investment and trade transactions. The company holds digitized ownership of over $261 million in physical metals at the Royal Canadian Mint.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$836K
For an in-depth examination of LTV stock, go to TipRanks’ Stock Analysis page.