Vert Infrastructure Ltd CRXPF

Vert Infrastructure Ltd is engaged in the business of branding, investing, constructing, owning and leasing infrastructure for specialty agricultural businesses.

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Vert Infrastructure Ltd > Break Out Imminent !!

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Post by higherhighson Aug 05, 2019 9:47am

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Post# 29994376

Break Out Imminent !!

In consideration for the purchase of the Nevada assets, Trinity Global has agreed to pay an aggregate cash sum of $24-million (U.S.) (which amount represents the aggregated sum of the property purchase price and the licence purchase price) as follows:

An aggregate of $50,000 (U.S.), payable on or before July 26, 2019, in which the property deposit shall entitle Trinity Global to a due diligence period ending Aug. 6;

$950,000 (U.S.) payable on or before July 26, 2019, in which the licence deposit shall become non-refundable and applied to the licence purchase price at the expiration of the due diligence period;

$23-million (U.S.) payable upon the closing of the property purchase agreement and the asset purchase agreement, in which the closing is expected to occur on or before Aug. 9, 2019, provided there are no unforeseen delays.