GREY:CLRYF - Post by User
Post by
capitalgainon Apr 02, 2019 7:27pm
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Post# 29573133
ILA enters into Agreement with Creditors
ILA enters into Agreement with Creditors ILA enters into Agreement with Creditors to Purchase the Operating Assets of Clarocity Corporation
https://www.globenewswire.com/news-release/2019/04/02/1795822/0/en/iLOOKABOUT-Terminates-Non-Binding-Term-Sheet-and-enters-into-Agreement-with-Creditors-to-Purchase-the-Operating-Assets-of-Clarocity-Corporation.html “For ILA this continues to be a strategic acquisition for the future growth of ILA. Strategically the acquisition allows ILA to accelerate its growth plan in the US by leveraging Clarocity’s national sales team and cross selling into their tier 1 clients, while fast tracking our innovation agenda with its modern valuation platform,” said Gary Yeoman, CEO of ILA. The consideration for the Proposed Transaction, is the same as previously described in the press release of ILA dated November 16, 2018, except the consideration shall all be paid directly to the debenture holders.