The TSX Venture Exchange has accepted for filing the documentation relating to a subscription agreement dated Oct. 23, 2018, in connection with the acquisition of a 30-per-cent interest in Viridi Unit SA, based in Geneva, Switzerland, as well as the acquisition of a 5-per-cent royalty on Viridi's net sales for a period of 10 years.
For the acquisition, the company paid an aggregate consideration of approximately 2,999,700 Swiss francs by way of issuance of a total 35,167,001 common shares of the company.
The company paid a finder's fee of $120,588 in cash and 703,340 in common shares of the company in connection with the transaction.
For further information, please refer to the company's press releases dated Aug. 1, 2018, and Dec. 12, 2018.
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