BRIEF-Sumtra Diversified Inc enters into letter of intent with Hygea Holdings Corp relating to reverse takeover transaction
Oct 11 (Reuters) - Sumtra Diversified Inc
* Sumtra Diversified Inc enters into letter of intent with hygea holdings corp relating to reverse takeover transaction
* Sumtra Diversified entered into non-binding letter of intent to acquire a 100% interest in hygea holdings corp in a reverse takeover transaction
* Sumtra Diversified says as part of deal, Hygea intends to complete corporate reorganization consisting of consolidation of common shares on 4 for 1 basis
* Sumtra Diversified Inc says hygea also intends to complete private placement of subscription receipts of hygea holdco for gross proceeds of up C$130 million Source text for Eikon: Further company coverage:
© Thomson Reuters 2016 All rights reserved.