merger ann, page-2

Will be interesting to watch the price action this morning.

Good to have $35k a month coming in, but its only $35k a month. Is it worth 370 mill VIL?

Thought this may be worthy of a trading halt?

Regards,

TCG

Verus will issue approximately 370 million shares to Pass shareholders based on a merger ratio of 65%/35% (VIL:PPPL) at final closing;
Pass may nominate one director to the Board of Verus;
The merger is subject to the approval of shareholders of both Verus and Pass;
A break fee of $500,0000 is payable (in shares) if either party fails to complete the transaction; and
Subject to satisfactory final due diligence investigations.