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Novagen Ingenium Increases Transport Operations

2017-06-20 04:59
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ORO VALLEY, Ariz., June 20, 2017 /PRNewswire/ --

Novagen Ingenium Inc. (OTC-Markets: NOVZ) today announces entering into a Sale and Purchase Agreement to acquire Syndicated Transport and Trucking Pty Ltd (Syndicated Transport). Syndicated Transport is an Australian transport operator that supplies transport and warehousing services to the building industry utilizing 12 vehicles, 4 warehouses and a staff of 18. Syndicated Transport has aspirations to acquire further identified transport operations, some of which are currently undergoing due diligence and strategic alliance review.  

The Sale and Purchase Agreement which is slated to close on the 30th June 2017, is a full equity acquisition with a cost of 6 million common shares to be issued by Novagen Ingenium Inc. at closing.         

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About Novagen Ingenium Inc.

Novagen Ingenium, Inc. (OTC-Markets: NOVZ) is engaged in the development and commercialization of new design geometric configuration engines, precision engineering services and industrial supply services including vehicle and labor supply to the transport industry.    

Safe Harbor Statement

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Novagen's reports filed with the Securities and Exchange Commission. Novagen undertakes no duty to update these forward-looking statements.

Contact: Micheal Nugent
Tel: +61 438158688         
Cell: +1 310 994 7988
Email: mnugent@novageningenium.com       

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/novagen-ingenium-increases-transport-operations-300476162.html

Source: Novagen Ingenium Inc.

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