SOLARVEST BIOENERGY INC. ("SVS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange (the ?Exchange?) has accepted for filing documentation pertaining to an agreement dated July 24, 2014 (the ?Agreement?), among Solarvest BioEnergy Inc. (?Solarvest? or the ?Company?) and Kohilo Bio Inc. (Kohilo?). Pursuant to the Agreement, the Company has acquired a number of patents and patent applications (the ?Assets?) held by Kohilo.
Under the terms of the Agreement, consideration to acquire the Assets is 200,000 share of the Company and the assumption of debt by the Company of Kohilo debt in the amount of $32,642.75.
Insider / Pro Group Participation: The principals of Kohilo are Mr. Mike Horne, who is also a director and secretary of Solarvest?s wholly owned European Subsidiary, Phycobiologics (Europe) Inc. and Mr. Garth Greenham who is the brother of Gerri Greenham, Director, CEO and Control Person of Solarvest. Additionally, certain of the debts of Kohilo to be assumed by Solarvest include Kohilo?s outstanding account with a law firm at which Kenneth A. Cawkell, Director, Chairman and Secretary of Solarvest, is a partner.
For additional information please refer to the Company?s news releases dated August 6, 2014, and November 17, 2014.
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