Rosehearty and Hemp Hydrate Terminate Reverse Takeover Transaction
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2019) - Rosehearty Energy Inc. (CSE: RHX) ("Rosehearty") and Hemp Hydrate International Holdings Ltd. ("Hemp Hydrate" or "the Company") announce that the binding letter agreement in respect to a proposed reverse takeover of Rosehearty by Hemp Hydrate announced April 4, 2019, has been terminated by mutual agreement, on terms and conditions set out in a Termination and Release Agreement ("Agreement") between the parties dated July 25, 2019.
Under the Agreement, Rosehearty will receive a break fee of 150,000 Common Shares of Hemp Hydrate.
For further information, please contact:
Robin Dow, CEO, Rosehearty Energy Inc.
Phone: (604) 355-9986
Dean Guise, CEO, Hemp Hydrate
Phone: (604) 817-8922
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46606