BRIEF-Clean Technologies to conduct reverse merger with MSI Bioscience Sp. z o.o.

Thu Aug 13, 2015 6:27am EDT
 
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Aug 13 (Reuters) - Clean Technologies SA :

* Said on Wednesday it revoked its agreement to buy 100 percent of Florida Investments X Corp, signed under reverse merger announced on March 31, 2015

* Plans to buy instead 100 percent of MSI Bioscience Sp. z o.o., for 8.1 million zlotys ($2.15 million)

* MSI Bioscience Sp. z o.o. will be listed on NewConnect market of Warsaw Stock Exchange

* Change in reverse merger transaction is due to company's shift of business strategy

* MSI Bioscience Sp. z o.o. is an affiliate of Verisante Technology Inc, based in Canada

Source text for Eikon:

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($1 = 3.7628 zlotys) (Gdynia Newsroom)