M&A
confidence high
sentiment neutral
materiality 0.90
Nu-Med Plus completes acquisition of Avid Gold; Fred Tejada gains voting control
Nu-Med Plus, Inc.
- Acquired 100% of Avid Gold Ltd for 4,500,000 Series A Preferred shares and assumption of $100,000 note.
- Fred Tejada appointed director and Sr. VP/Chief Geologist; received 1,000,000 Series X shares with 100 votes each.
- Change in control: Tejada controls ~44.5% of voting power via Series X and voting agreement with existing holders.
- Company to seek shareholder approval for 1-for-27 reverse split, increase authorized common to 500M, and redomicile to Nevada.
- Director Jeffrey Robins resigned; consulting agreements for CEO and CFO at $5,000/month each, contingent on raising $1M.
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