Returned Shares to be Deposited into Corporate Treasury
London, UK, Oct. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Byzen Digital Inc. [OTC PINK: BYZN], a technology mergers and acquisitions company, today announced that it has received an initial 40 million common shares back from its former strategic partner, The Axiom Partnership. The remaining 20 million common shares that had been awarded to Axiom will be returned subject to final termination of the contract agreement between both parties. Negotiations are expected to reach a conclusion shortly.
As previously announced on September 12, 2019, Byzen Digital has mutually agreed with its Strategic Partner, The Axiom Partnership, to terminate its commercial relationship. As part of the termination, The Axiom Partnership agreed to relinquish the 60 million shares it was granted in the company, all of which will be deposited back in the Byzen Digital treasury.
About Byzen Digital Inc.
Byzen Digital is a high-growth organization focused on mergers and acquisitions in the technology space. Originally set up to service the growing blockchain sector, Byzen Digital’s scope has quickly grown beyond its initial focus to incorporate start-ups and SMEs from the wider technology arena including cyber security, data storage, cloud-tech, analytics, software, and digital applications.
The Byzen family provides vital strategic insight, global funding access, and a robust corporate structure to support its incorporated ventures in positioning concepts for global success. For more information, go to: www.byzendigital.com.
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This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the Company’s industry and competition. The company assumes no duty to update its forward-looking statements.