Lions Bay Mining moves to acquire Covid-19 vaccine company

22 April 2020 (Last Updated April 22nd, 2020 17:19)

Canadian miner Lions Bay Mining has announced it has entered into a non-binding letter of intent to acquire BioVaxys, a private company working on a Covid-19 vaccine. The proposed transaction will be structured as an amalgamation or share exchange agreement, subject to mutual agreement, with BioVaxys becoming a wholly-owned subsidiary of Lions Bay.

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