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StageZero Life Sciences Ltd: StageZero Life Sciences Announces Signed Letter of Intent for the Acquisition of Health Clinics Limited
TORONTO, ON / ACCESSWIRE / April 1, 2021 / StageZero Life Sciences, Ltd (TSX:SZLS) (
StageZero or the
Company ) is pleased to announce that effective March 31, 2021 is has entered into a letter of intent to purchase substantially all of the business of Health Clinics Limited and of Health Clinics USA Corp. (together, the HC Companies ) related to their current oncology business and expanding focus into early disease detection utilizing proprietary treatment protocols to ameliorate progression (the Transaction ).
The letter of intent commits the HC Companies to negotiate exclusively with StageZero for one hundred and twenty (120) days, and is binding as to payment terms. The payment terms contemplate that StageZero will issue 15,000,000 common shares (the Closing Consideration ) to the vendors on the closing of the Transaction, with an additio
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