Flexible Electronics News

Ynvisible, Network Exploration Announce Proposed RTO Transaction

Jani-Mikael Kuusisto will CEO and director; Inês Henriques COO and director.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ynvisible S.A. and Network Exploration Ltd. have entered into a binding letter of intent (LOI) dated April 29, 2016, which sets out the basic terms and conditions pursuant to which Network will acquire 95.53% of the issued and outstanding shares of Ynvisible in exchange for common shares of Network.   Pursuant to the terms of the LOI, the majority of Network’s management and directors will be replaced with nominees of Ynvisible, and the company will issue sufficient securities such that the tr...

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