Irwin Naturals to acquire Braxia Scientific $$$$$$ BIG NEWS IRWIN NATURALS SIGNS LETTER OF INTENT TO ACQUIRE BRAXIA SCIENTIFIC
Irwin Naturals Inc. has entered into a non-binding amended and restated letter of intent (LOI) for a business combination with Braxia Scientific Corp. The LOI sets forth the material terms and conditions upon which Irwin will acquire all of the issued and outstanding common shares (the "Braxia Shares") of Braxia (the "Proposed Transaction").
Under the terms of the LOI, Irwin is prepared to offer a purchase price per Braxia Share based upon a valuation of the outstanding Braxia Shares of US$30,000,000