KICKER Power Corp. Provides Deal Update in its Quarterly MDA Report Ended March 31, 2016

Source Company Press Release
Company KICKER Power Corp.
Tags Corporate: Overview/Strategy, Country: Canada, M&A: Corporate Deal, Deals, Segment: Power
Date May 12, 2016

On April 27, 2016, the Company entered into a non-binding letter of intent (the “Letter of Intent”) with KICKER Power Corp. (“Kicker”), a private corporation incorporated under the laws of Alberta, whereby the Company and Kicker will complete a business combination (the “Transaction”) and the Company will acquire all of the issued and outstanding shares of Kicker in exchange for common shares of Newton such that the existing shareholders of Newton will hold at least 25% of the outstanding shares of the resulting issuer (the "Resulting Issuer"). Kicker has acquired all of the assets (the "Acquisition") from SunSocket Technologies Inc., Aspect Technologies Inc. and Aspect Solar Pte. Ltd.

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