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Stocks in play: Kraken Robotics Inc.

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Has entered into a non-binding letter of intent dated April 8, in connection with the proposed acquisition of PanGeo Subsea Inc. from Cahill Innovation Inc, a member of the Cahill Group of Companies, and Argentum Asset Management AS. Moya Cahill, a director of Kraken, is a shareholder of Cahill Innovation Inc, and she resigned as a director of Kraken prior to the approval and execution of the LOI in order to ensure proper governance and review of the transaction by a fully arm’s length board. Kraken Robotics Inc. shares V.PNG are trading unchanged at $0.70.

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