The TSX Venture Exchange has accepted for filing a member interest purchase agreement dated Jan. 12, 2016, between the company and Steve Conboy. Pursuant to the terms of the agreement, the company will acquire a 100-per-cent equity interest in Mill Frame LLC. By way of consideration, the company will issue five million shares to the vendor at a deemed price of 14 cents per share upon Mill Frame generating $10-million of net sales. An additional five million shares will be issued to the vendor upon Mill Frame generating an additional $10-million in net sales.
Please refer to the company's news release dated Jan. 15, 2016, for further details.
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