Aurea Group Ventures to buy HUMBL common stock for $7.5 mn

HUMBL Inc. and Aurea Group Ventures announced the signing of a Securities Purchase Agreement for the purchase by Aurea Group of HUMBL common stock and the country rights to Chile for a purchase price of up to $7.5 million. Aurea Group agreed to purchase 437,500 shares of HUMBL common stock for $1 million. In addition, Aurea Group also received the right to purchase 1,562,000 additional shares of HUMBL common stock and a 35% equity interest in a Chilean subsidiary HUMBL intends to form to conduct its operations in Chile for $6.5 million.

Source: GlobeNewswire