Minerco, Inc. Provides Update on Acquisition of Priwen Systems Inc.

Minerco, Inc. Provides Update on Acquisition of Priwen Systems Inc.

April 20, 2018

The management of Minerco, Inc. (OTC:MINE) and Priwen Systems Inc. update shareholders on the status of the acquisition of Priwen Systems Inc. The parties are increasing the scope, completing in depth due diligence and modifying the terms of the Memorandum of Understanding reached last month contemplating the acquisition of Priwen, an innovative leader in the cryptocurrency space.  The parties expect to formally announce the definitive acquisition agreement next week.

 

Minerco and Priwen are aggressively moving to close this acquisition in a timely yet responsible manner. Both parties are excited for Minerco’s and Priwen’s collective future. The relationship built over the past few weeks, while negotiating and cooperating to complete this acquisition, has proven to be mutually beneficial and harmonious.