Etelix Group: Etelix Becomes a Publicly Listed Company Via Reverse Take Over

NEW YORK, NY, June 29, 2018 (GLOBE NEWSWIRE) -- Metrospaces, Inc. (OTC:MSPC) announces that Etelix has been spun off as its own public company via reverse takeover of PureSnax (OTC:PSNXD)Mr. Silva stated: "This is a huge day for Etelix and a great win for Metrospaces shareholders. Metrospaces will now own 44% of the combined company, down from 51%. However, now Etelix will have its own public market to continue with acquisitions and set its own path. PureSnax now owns 100% of Etelix, and MSPC will now own 44% of total PSNXD public capital. Not only is this a huge win for Metrospaces and our shareholders, it represents a huge arbitrage opportunity for new investors to buy into Etelix. After the reverse takeover, PSNXD will only have a total of 15 million total shares, however, there will only be 75,000 in the float, so there will be very little opportunity to buy PSNXD except through MSPC. Etelix is on its way to having another record revenue and operating profit year and we will continue to be long-term shareholders and partners of Etelix to continue ...Full story available on Benzinga.com