January 5, 2017 / 9:08 PM / 10 months ago

BRIEF-Corazon signs LOI to acquire Nanosphere Health Sciences

Jan 5 (Reuters) - Corazon Gold Corp

* Corazon signs LOI to acquire 100 pct of Nanosphere Health Sciences and Innovative Cannabinoid Delivery System

* Corazon gold corp - LOI contemplates a three-way amalgamation, pursuant to which nanosphere will become a wholly-owned subsidiary of Corazon

* Corazon Gold Corp - shareholders of nanosphere will receive 40 million Corazon common shares on closing

* Corazon Gold - upon completion of transaction, board of directors will be reconstituted with four nominees of nanosphere and two nominees of Corazon

* Corazon Gold Corp - in connection with transaction, will also complete financing to raise gross proceeds of up to $9 million and not less than $7 mln

* Corazon Gold - in connection with deal, Corazon to also complete financing to raise gross proceeds of $9 million terms of which have not yet been finalized Source text for Eikon: Further company coverage:

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