The Board of Directors of the Avanceon Limited (PSX:AVN) has approved the disposal of Avanceon LP, a Pennsylvania USA limited Partnership,
In consideration of;
1. One Million Five Hundred Thousand Dollars ($1,500,000) and,
2. The transfer of rights of trademark and/or service mark/brand "AVANCEON" to Octopus Digital Inc. Pennsylvania USA (formerly Engro Innovative, Inc.) the SPV, ultimately to its parent company "Avanceon FZE Dubai UAE", in the territories forming part of the world other than United States, Canada or Mexico (“North America”).