RevoluGROUP Canada Inc. Signs Terms to Enter Equity Investment Negotiations, The Canadian Business Journal

VANCOUVER, British Columbia, October 17, 2022 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: Revo), (Frankfurt: IJA2) (the “Company”) is pleased to announce that its Board of Directors has unanimously approved the signing of the Term Sheet Agreement dated October 14th.^th, 2022, defines a potential share acquisition by a European financial regulator in partnership with a UAE-based financial consultancy. Under the terms of the agreement, results may result in a change of control as specified in the SECURITIES ACT. [RSBC 1996] Chapter 418 – Part 1. The Company publishes current news releases in compliance with Policy 85, Sections A and C of the Securities Act relating to “continuous disclosure.”

Analytical term

The parties have agreed that a maximum of 45 calendar days shall be sufficient to complete preliminary due diligence and analysis of the underlying proposal. As a result, adoption of the contract required to formalize the transaction will take no more than 45 days from the date of signature of the current termsheet. Similarly, the Company has agreed to and entered into an exclusivity period in which it commits not to hold or participate in any negotiations or discussions regarding any other proposed share purchases for a period of 45 days ending at midnight on November 28.^th2022.

about of stock investment suggestion

Some time ago, management began considering strategic M&A opportunities and believed that the current proposal could potentially be beneficial to shareholder value and perhaps an important development for the company. The Board has given permission to evaluate this opportunity and determine the course forward that is in the best interests of all shareholders and the company. There is no guarantee that a final contract, bid or investment will be completed and the terms and conditions remain provisional and non-binding. The Company will keep shareholders updated on potential material changes and developments between the parties.

Based on final management’s analysis and evaluation of the proposals, the tendered proposals will ultimately prevail and the company will retain the bona fide interests of its stockholders in the event of a change of control under U.S. securities law policy. shall protect. Shareholder approval.

About RevoluPAY®

Our flagship neo-banking technology is RevoluPAY®, a multinational payment app for Apple and Android. Conceived entirely in-house, his RevoluPAY features unique sector-specific technology, the source code of which is our intellectual property. RevoluPAY’s built-in features include money transfer payments, foreign exchange, virtual and fiat currency exchanges, retail and hospitality payments, real estate payments, pay-as-you-go phone charges, gift cards and online credits, utility payments, and gaming. It is included. Credits, leisure payments, travel payments, etc. RevoluPAY is aimed squarely at the global multi-billion dollar open banking sector, cross-border foreign exchange payments and +$595 billion family remittances market. RevoluPAY® is operated by RevoluPAY EP SL, a wholly owned European subsidiary in Barcelona. RevoluPAY is licensed by MSB in the US, his FINTRAC in Canada and his PSD2 payment agency 6900 in Europe under the auspices of EU Directive 2015/2366 and the official issuers of passports and visas in the EU 27 countries. increase.^® card and approved visa^® Affiliate member. RevoluGROUP Canada Inc. manages his five wholly owned subsidiaries on four continents.

about RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a multi-asset, multi-sector, publicly traded Canadian company deploying advanced technology. Banking, mobile apps, money transfer, cross-border forex payments, mobile phone top-ups, e-gaming, healthcare payments, e-sports, invoice factoring, online travel, vacation resorts, blockchain systems, fintech app sectors. Click here to read more.

For more information about RevoluGROUP Canada Inc. (TSX-V: REVO), please visit their website at www.RevoluGROUP.com. The Company has approximately 189,957,876 outstanding shares.

RevoluGROUP Canada, Ltd.

“Steve Marshall“
______________________
Steve Marshall
CEO

For more information, please contact:
RevoluGROUP Canada Inc.
Phone: (604) 332 5355
Email: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDERS (AS THAT TERM IS DEFINED IN THE TSX VENTURE EXCHANGE POLICIES) ARE RESPONSIBLE FOR THE SUITABILITY OR ACCURACY OF THIS RELEASE.

This release contains certain statements that may be considered “forward-looking statements.” All statements other than statements of historical fact in this release address events or developments anticipated by the company’s management and are forward-looking statements. Although management believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may vary. or developments may differ materially from forward-looking statements. We undertake no obligation to update these forward-looking statements if management’s beliefs, estimates, opinions or other factors change. Factors that could cause actual results to differ materially from forward-looking statements include market prices, exploration and development success, continued availability of capital and financing, general economic and market or business situations. See our public documents. www.sedar.com for more information.

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