BLAVOD SPIRITS TO LIKELY SELL US UNIT

Blavod Extreme Spirits is planning to sell its US subsidiary to its ceo, Jeff Hopmayer. The spirits company will reportedly vote next month on the proposal to sell Blavod USA to Black Diamond, a company controlled by Jeff. The sale would cost Black Diamond $800,000, with the company assuming liability for $3.2m-worth of debt owed by the unit. If the sale goes through, Jeff will resign from Blavod USA.