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Contagious Gaming agreement for Digitote
2015-11-05 16:24 ET - Acquisition
The TSX Venture Exchange has accepted for filing share purchase agreements dated Oct. 19, 2015, with Digitote Ltd. (Guenter Boyks) and Digitote Software GmbH Deutschland (Gabriele Knicker), whereby Contagious Gaming Inc. has agreed to acquire all of the issued and outstanding common shares of Digitote. In consideration, the company will issue a total of 8,008,000 shares and pay an earn-out consideration equal to one times its earnings before interest, taxes, depreciation and amortization for each of the four years following the closing of the acquisition up to a cumulative total of 2.2 million euros.