- Kovo+ Holdings (TSXV:KOVO:CA) has entered into a non-binding letter of intent with Avonlea Ventures #2 to acquire certain contractual assets of AVI, it said Thursday.
- The aggregate purchase price is $5 million.
- AVI is an Ontario corporation controlled by Michael Steele, a current director and controlling indirect shareholder of the company.
Kovo+ signs letter of intent to acquire exclusive rights to AI Vector and Veebas (KOVO:CA:TSXV)

