Rosehearty Energy Inc GAXFF

Rosehearty and Hemp Hydrate Terminate Reverse Takeover Trans

[StartsL]

Sounds like RHX is looking at deals to get trading again. Below fell through but has left them with a fairly nice break off payout.

Rosehearty and Hemp Hydrate Terminate Reverse Takeover Transaction

Vancouver, British Columbia--(Newsfile Corp. - July 29, 2019) - Rosehearty Energy Inc. (CSE: RHX) ("Rosehearty") and Hemp Hydrate International Holdings Ltd. ("Hemp Hydrate" or "the Company") announce that the binding letter agreement in respect to a proposed reverse takeover of Rosehearty by Hemp Hydrate announced April 4, 2019, has been terminated by mutual agreement, on terms and conditions set out in a Termination and Release Agreement ("Agreement") between the parties dated July 25, 2019.

 

Under the Agreement, Rosehearty will receive a break fee of 150,000 Common Shares of Hemp Hydrate.