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Posted by
Two Blokes May 27, 2025 -
Filed in
Stock
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Toronto, Ontario--(Newsfile Corp. - May 27, 2025) - Cloud3 Ventures Inc. (CSE: CLDV) (OTCQB: CLDVF) (FSE: WQ40) ("Cloud3 Ventures" or the "Company"), is pleased to announce that it has entered into an arm's length non-binding letter of intent with QStarLabs Corporation ("QStar") dated May 26, 2025 (the "LOI"), pursuant to which Cloud3 will acquire all of the issued and outstanding shares of QStar by way of a reverse takeover transaction (the "Transaction"). Upon closing, shareholders of QStar will own 80% of the issued and outstanding shares of the resulting issuer (the "Resulting Issuer"), with 10% held by subscribers of the Concurrent Financing (as defined below), and 10% retained by existing Cloud3 shareholders.
