Wellfield Technologies Inc. and Leonovus Inc. announced that, further to Wellfield's July 16, 2024 news release, they have entered into a definitive agreement dated September 5, 2024 outlining the terms upon which Leonovus will acquire all of the issued and outstanding common shares in the capital of Tradewind Markets Inc., a wholly-owned subsidiary of Wellfield incorporated under the laws of Delaware. Tradewind is at the forefront of the digital gold market, leveraging blockchain technology and a unique collaboration with a sovereign mint to provide investors with digital ownership of securely custodied gold, along with powerful 24/7 trading solutions.
This transaction will constitute a reverse take-over of Leonovus Inc. following which Leonovus Inc. will continue the business of Tradewind Markets Inc.
Bennett Jones is legal counsel to Wellfield.
The Bennett Jones team includes Corey Yermus, Aaron Sonshine (Mergers & Acquisitions and Capital Markets), Karlo Varga (Commercial Transactions), Shelby Morrison (Litigation and IP) and James Morand (Tax).
Read the transaction press release.