Canadian Holding Firm to Acquire EXMO Crypto Exchange Per Letter of Intent

Publicly traded Canadian holding firm GoverMedia Plus Canada will acquire U.K.-based crypto exchange EXMO per a recently signed a Letter of Intent (LOI), according to a joint announcement published Nov. 13. The LOI reportedly enables GoverMedia to exclusively negotiate the transaction within the next 180 days. Upon the completion of the transaction, the joined entity will continue to conduct business on the EXMO platform and will be listed on a stock exchange. According to the announcement, the acquisition deal will “comply with all necessary legal and regulatory requirements” after observing…