AurCrest Gold ( (TSE:BIGT) ) has issued an announcement.
Big Tree Carbon Inc., a company listed on the TSX Venture Exchange, has entered into a letter agreement to sell its NANAVERSE platform and associated assets to 1001089934 Ontario Inc. The transaction involves Big Tree transferring its business plan, software contracts, and intellectual property related to the NANAVERSE platform in exchange for a $1,000,000 promissory note, preferred shares, and a royalty agreement. This move signifies a strategic shift for Big Tree, as Ian Brodie-Brown, a key figure in the development of the Biodiversity Business Plan, will transition from Big Tree to become CEO of the newly named NANAVERSE Inc., potentially impacting the company’s future direction and stakeholder interests.
More about AurCrest Gold
Average Trading Volume: 64,416
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.39M
Learn more about BIGT stock on TipRanks’ Stock Analysis page.