(TheNewswire)
TheNewswire / COSERFI s.r.l. ("COSERFI") announces that effective October 18, 2017 it acquired direct ownership (the "Acquisition") of 16,500,000 common shares (the "Shares") of NSS Resources Inc. ("NSS") at a deemed price of $0.06 per Share as consideration for the termination of its joint venture with Upco Systems Inc., which was acquired by NSS pursuant to a certain share exchange agreement.
Immediately before the Acquisition, COSERFI had ownership and control, directly and indirectly, of nil Shares of NSS, representing nil% of the issued and outstanding common shares of NSS.
Immediately after the Acquisition, COSERFI had ownership and control, directly and indirectly, of 16,500,000 Shares of NSS, representing approximately 35.48% of the issued and outstanding common shares of NSS.
COSERFI acquired the Shares as consideration for the termination of its joint venture with Upco Systems Inc., which was acquired by NSS pursuant to a certain share exchange agreement. COSERFI may in the future wish to increase or decrease its shareholdings in NSS as circumstances warrant. Such circumstances may include but are not limited to compliance with applicable securities laws, general market and economic conditions, business prospects of NSS and investment and business opportunities available to COSERFI.
The head office of NSS is located at 206 - 595 Howe Street, Vancouver, BC, V6C 2T5.
A copy of COSERFI's early warning report filed under National Instrument 62-103 may either be obtained under NSS's profile on www.sedar.com or by contacting COSERFI.
COSERFI S.R.L.
Title:Director
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
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