The TSX Venture Exchange has accepted for filing documentation pursuant to a share purchase agreement dated June 28, 2018, between the company and the shareholders of Boilerroom Equipment Inc., whereby the company acquired all of the outstanding shares of Boilerroom. The purchase price is $2.25-million (U.S.), plus an earnout consideration of up to $350,000 (U.S.) if certain growth and performance targets are achieved over the next three years. The earnout can be paid in shares at the option of Boilerroom equal to the greater of the five-day volume weighted average price of shares of the company ending on the day prior to the closing of the acquisition and the discounted market price.
Insider/pro group participation: none
For further information, please refer to the company's press release dated June 29, 2018.
© 2024 Canjex Publishing Ltd. All rights reserved.