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Article: Artevo Corporation Announces Qualifying Transaction and Private Placement

Article from:
CCNMatthews Newswire
Article date:
October 17, 2007
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CALGARY, ALBERTA--(Marketwire - Oct. 17, 2007) - Artevo Corporation ("Artevo") (TSX VENTURE:AEV.P), a capital pool company, today announced details concerning a proposed qualifying transaction with Power Play Art Ltd. ("PPAL") as agreed to in a Letter of Intent dated October 4, 2007. The transaction also involves the completion of a private placement in PPAL of unsecured convertible debentures in a principal amount of up to a maximum of $4,000,000, and the business combination (the "Business Combination") of PPAL with Artevo, which will constitute the qualifying transaction of Artevo pursuant to Policy 2.4 of the TSX Venture Exchange Inc. ("TSX Venture").

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