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Cosmos Holdings enters into a Memorandum of Understanding to acquire Medihelm Pharmaceutical Wholesellers SA

On October 19, 2016, the Cosmos Holdings entered into a Memorandum of Understanding with Medihelm Pharmaceutical Wholesellers SA and each of Konstantinos Metsovitis and Eleni Metsoviti. The Medihelm MOU provides that the Company intends to acquire all of the issued and outstanding shares of Medihlem from Konstantinos Metsovitis in exchange for 200,000 shares of the Company’s common stock. Upon the closing of the transactions, Eleni Metsoviti shall be appointed as a member of the Board of Directors of the Company and will be retained as a Director and COO of Medihelm. Eleni Metsoviti shall be entitled to 3,100,000 shares of the Company’s common stock and a salary of $3,000 euros, approximately US $3,300 per month.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11640702

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