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BRIEF-Universal Ventures provides update on proposed business combination with mCloud
September 15, 2017 / 2:26 AM / 3 months ago

BRIEF-Universal Ventures provides update on proposed business combination with mCloud

Sept 14 (Reuters) - Universal Ventures Inc

* Universal Ventures Inc provides update on proposed business combination with mCloud Corp.

* Upon completion, transaction will constitute a reverse take-over of Universal by mCloud, with resulting company to be renamed “Universal mCloud Inc”

* mCloud intends to complete private placement of subscription receipts for gross proceeds of minimum C$3 million & maximum C$5 million at C$0.35/ unit Source text for Eikon: Further company coverage:

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