Vemanti Group, Inc. entered into a Letter of Intent to acquire a 20% stake in Marena Gold Refinery.
December 30, 2020
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Vemanti Group, Inc. (OTCPK:VMNT) entered into a Letter of Intent to acquire a 20% stake in Marena Gold Refinery on December 1, 2020. The Company anticipates issuing a new class of stock to support the closing of the transaction. An appointed member of the Company will join the Board of Directors of Marena Gold. The transaction is subject to a number of conditions, including but not limited to execution of the Agreement, completion of mutually satisfactory due diligence and receipt of all required regulatory, corporate and third-party approvals, including the approval of the stockholders of Marena Gold and the fulfillment of all applicable regulatory requirements and conditions necessary to complete the transaction. The transaction is expected to close by the end of January, 2021. Post-closing, the Company will use its best efforts to arrange for additional working capital for the businesses and obligations of Marena Gold in the pursue of LBMA (London Bullion Metal Association) certification.
Vemanti Group, Inc. is a technology holding company. The Company seeks to generate revenue in the emerging markets of Vietnam and Southeast Asia. It intends to focus its future product and business development on digital banking and fintech applications using disruptive technologies aimed at making credit access for small to medium enterprises (SMEs) in its target markets. Its wholly owned subsidiaries include VoiceStep Telecom, LLC (VoiceStep), and VinHMS Pte Ltd (VinHMS). VoiceStep provides a one-stop solution with regard to business-class voice over Internet protocol (VoIP) services to its small to medium-sized business customers in the United States. VinHMS is a technology company specializing in cutting-edge technology products aimed at optimizing business operations for customers in the hospitality industry. VinHMS flagship product is the complete hospitality management platform CiHMS, which handles all operational needs of four-star to five-star hotels and hotel chains.
VEMANTI GROUP, INC. 
