Verisante Technology Inc V.VER.H

Alternate Symbol(s): VRSEF

Verisante Technology, Inc. is a Canada-based company. The Company does not operate any active business other than to identify and complete a reverse takeover (RTO) with a company in one of its target sectors that demonstrates significant growth potential and/or value creation opportunities for shareholders. The Company may pursue a target in any industry, it intends to focus its search on companies that meet its acquisition target characteristics within the life sciences sectors.

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Verisante Technology Inc > Looks like it finally bit the dust

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Post by Pandoraon Jan 14, 2020 12:58pm

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Post# 30551564

Looks like it finally bit the dust

Verisante cancels RTO by Sim, directors resign

2020-01-14 12:10 ET - News Release

Mr. Thomas Braun reports

VERISANTE TERMINATES PROPOSED RTO WITH SIM CO. LTD.

Verisante Technology Inc. has terminated the share exchange agreement dated, June 30, 2018, with Sim Co. Ltd. The transaction was terminated due to lengthy delays. The company's shares were halted pending the closing of the proposed RTO and filing of required financial statements with the British Columbia Securities Commission. Now that the RTO has been terminated, the company will focus on filing outstanding required financial reports so that it can apply to the regulators to resume trading and search for another RTO candidate. Also, Peter Xu has resigned as an officer and director of the company. Guang Yu Li and U Aung Kyaw have resigned as directors.

We seek Safe Harbor.

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