CARDIS ACQUISITIONS CORP.
August 21, 2019
Cardis enters into Letter Agreement to acquire BRM Agro Industry Co. Ltd.
Dear Cardis Acquisitions Shareholders:
We are very pleased to announce the completion of the equity crowdfunding on vested.ca and now with sufficient financing achieved, Cardis has entered into a letter of intent to acquire BRM Agro Industry Co. Ltd. (BRM).
BRM was founded in 2012 and acquired strategic farm land 150 km north of Phnom Penh, Cambodia for the purpose of growing and cultivating rice. The properties are located near all-weather highways to ease market access accompanied by year round water access to support rice crops. BRM now owns over 2,050 hectares of land with approximately 500 hectares directly under cultivation. BRM also operates a 100 ton per day mill processing paddy rice into jasmine rice for global export.
Following Cardis’s planned launch on the Canadian Securities Exchange, BRM will commence its project expansion with the construction of a second rice mill, with milling efforts doubling to 200 tons per day of paddy rice. With rice being the world’s number one food staple, the constant and growing demand dictates a great opportunity for investors.
The special warrants issued under the equity crowd funding campaign are to be consolidated on a 4:1 basis, and Cardis / BRM plan to undertake a private placement of up to 5 million special warrants at a price of $1 USD per special warrant. Cardis then plans to prepare a prospectus for filing in BC and Ontario to become a reporting issuer, and to list on the Canadian Securities Exchange.
Upon a successful listing of Cardis shares, each investor will receive a direct registration advice statement, DRS, which can then be deposited into personal trading accounts.
Of course, the above plans are all subject to a number of conditions precedent being satisfied, including our due diligence of BRM and its operations, so there is no guarantee the transactions will be completed as contemplated, or at all.
Daniel Schieber, CEO
Michael Danieli, Investor Relations
Cardis Acquisitions Corp.
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