(MENAFN Editorial) Cell MedX Corp Signs Letter of Absorbed for Common Administration Rights and Enters into Ability Acceding Contracts
Carson City, Nevada–(Newsfile Corp. – September 14, 2018) – Cell MedX Corp. (OTCQB: CMXC), Cell MedX Corp. (“Cell MedX” or the “Company”), a biotech aggregation absorption on the discovery, development and commercialization of ameliorative and non-therapeutic articles that advance accepted wellness, appear today that on September 10, 2018, the Aggregation entered into a non-binding letter of absorbed (the “LOI”) with Live Current Media, Inc. (“LIVC”), an arms-length party, for common administration rights of eBalance accessories for home-based usage.
Pursuant to the LOI, the Aggregation forth with LIVC, accept entered into negotiations aimed at accepting a absolute acceding aural a 90-day period. LIVC avant-garde USD$250,000 to the Aggregation for absolute common administration rights. If a absolute acceding is not accomplished aural 90 canicule of the beheading of the LOI, the USD$250,000 is refundable.
The Aggregation additionally entered into two abstracted ability agreements with arms-length parties as of September 6, 2018.
Pursuant to the bookish acreage ability acceding (the “IP Ability Agreement”), the Aggregation agreed to access assertive added developments and improvements for its eBalance accessories that were developed by the IP Vendor in barter for a abiding ability of USD$350 or CAD$350, depending on the bill the acquirement is generated in, for anniversary accessory sold, broadcast or accountant whether through a distributor, sales adumbrative or by the Aggregation itself.
Pursuant to the added ability agreement, the Aggregation agreed to pay to a third party, in perpetuity, a 10% ability on the acquirement the Aggregation receives from any distributors or end-users alien to the Aggregation by the Vendor.
For added information, amuse accredit to Annual Address on Form 10-K which the Aggregation filed with the SEC on September 13, 2018.
About Cell MedX Corp.
Cell MedX Corp. is a biotech aggregation focused on the discovery, development and commercialization of ameliorative and non-therapeutic articles that advance accepted wellness and allay complications associated with medical altitude including, but not bound to: diabetes, Parkinson’s disease, aerial claret pressure, neuropathy and branch function. The final address on the Observational Clinical Trials has been accustomed by Health Canada. For added advice about the Aggregation and its technology amuse appointment our website at www.cellmedx.com/investors/overview/ . For the Company’s newsletter amuse appointment www.cellmedx.com/media/newsletters/ .
On account of the Board of Directors of Cell MedX Corp.
Frank McEnulty Director
Forward Looking Statements
The advice included in this columnist absolution has not been brash by the FDA, nor has it been associate reviewed. This columnist absolution contains advanced statements. Advanced statements are accountable to risks, uncertainties and assumptions and are articular by words such as “expects”, “intends”, “estimates”, “projects”, “anticipates”, “believes”, “could”, and added agnate words. All statements acclamation artefact performance, events, or developments that the Aggregation expects or anticipates will action in the approaching are advanced statements. Because the statements are forward-looking, they should be evaluated in ablaze of important accident factors and uncertainties, some of which are declared in the Company’s Quarterly, Annual and Current Letters filed with the United States Balance and Barter Agency (the “SEC”). Should one or added of these risks or uncertainties materialize, or should any of the Company’s basal assumptions prove incorrect, absolute after-effects may alter materially from those currently anticipated. In addition, disproportionate affirmation should not be placed on Company’s advanced statements. In particular, the Company’s eBalance technology is still in development. Except as appropriate by law, Cell MedX Corp. disclaims any obligation to amend or about advertise any revisions to any of the advanced statements independent in this columnist release. There can be no affirmation that such statements will prove to be authentic and absolute after-effects and approaching contest could alter materially from those advancing in such statements. No banal exchange, balance agency or added authoritative anatomy has brash nor accepts albatross for the capability or accurateness of this release. Investors are brash to anxiously analysis the letters and abstracts that Cell MedX Corp. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
SOURCE: Cell MedX Corp. For added advice visit: www.cellmedx.com Or phone: 1-844-238-2692
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