Triwood Capital Corp. announces financing and letter of intent for the acquisition of Algae Biosciences Corp

August 4, 2010

By hammersmith

[Source: Benziga] – Triwood Capital Corp.  is pleased to announce that it has entered into a letter of intent dated July 22, 2010  with Algae Biosciences Corp. (“ABC”), whereby the Corporation has agreed to acquire all of the issued and outstanding securities of ABC via the issuance of common shares, or other securities convertible into common shares of the Corporation, such that ABC will become a wholly-owned subsidiary of the Corporation.

For more information: Triwood Capital Corp. Announces Financing and Letter of Intent for the Acquisition of Algae Biosciences Corp