Nio-Star Corp. cancelled the acquisition of Indo Global Exchange(s) PTE, Ltd. in a reverse merger transaction.
June 12, 2017
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Nio-Star Corp. entered into an agreement to acquire Indo Global Exchange(s) PTE, Ltd. (OTCPK:IGEX) in a reverse merger transaction on October 13, 2016. In connection with the transaction, Indo Global Exchange(s) intends to initiate a reverse stock split, currently contemplated to be 1 for 12,500. Under the terms of agreement, shareholders of Sarissa Resources, Inc. (OTCPK:SRSR) (‘Sarissa’), the parent company of Nio-Star Corp., will receive 1 share of Indo Global Exchange for every 20 shares held. Following the transaction and post-split, 95% of the Indo Global shares shall be held by existing Sarissa shareholders as of the record date, while 5% will be held by existing Indo Global shareholders. Upon closing, Indo Global Exchange will change its name to Niobium Technology Corporation and symbol to NBTC for a 12,500:1 reverse split. Daniel Byrne, Director of Sarissa Resources, Inc. will become President and Chief Executive Officer and will join the Board of Indo Global, Daniel Byrne of Sarissa will join as Chief Financial Officer of Indo Global. Securities Counselors, Inc. acted as legal advisor in the transaction.
Nio-Star Corp. cancelled the acquisition of Indo Global Exchange(s) PTE, Ltd. (OTCPK:IGEX) in a reverse merger transaction on June 12, 2017.
Indo Global Exchange(s) PTE, Ltd. is a development-stage company. The Company is organized to develop business opportunities. The Company focuses to offer financial market access to customers around the globe, with access to approximately 30 equity exchanges for trading in securities and approximately 30 equity exchanges for trading in Contract for Differences (CFD). These include the Euro Zone, the United Kingdom, Japan, Asia, Oceania and Canada. Trading will include approximately 180 currency pairs in spot (cash), forwards and options, gold and silver trading in spot (cash), forwards and options, financial futures, indices and commodity CFD's and Exchange Traded Funds. The Company designed and implemented a white label application on the back of the FxPro Super trader through Investor Limited Pty LTD with an introducer agreement product, which will provide an offering, allowing approximately three times leverage to all of its Supertrader accounts.