Seven Aces Limited - Ordinary Shares ACEXF

TSX accepted filing asset purchase agreement for Lucky Bucks

[allison5120]

 

Quantum Int'l agreement for 51% of Lucky Bucks LLC

2016-10-21 16:20 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation relating to an asset purchase agreement between arm's-length parties (the vendors) and an indirect wholly owned subsidiary of Quantum International Income Corp. Pursuant to the agreement, Southern Star Gaming LLC, an indirect wholly owned subsidiary of Quantum International, shall acquire a 51-per-cent interest in Lucky Bucks LLC, a digital terminal gaming business in Georgia, U.S.

In consideration, Quantum International shall pay an aggregate of $10.5-million (U.S.) and issue 43,885,045 common shares to the vendors.

Further, Quantum International shall issue an aggregate of 1,116,071 common shares to James Boyden as finders' fees in connection with the transaction.

For more information, please refer to Quantum International's news releases dated April 27, 2016, and Aug. 17, 2016.

© 2016 Canjex Publishing Ltd. All rights reserved.

[Maffioso]

Check that. After reading the last post it appears the deal has closed!!!

[stank0]

The wording does make it sound as though it is closed...still not completely clear that it has to me though. I'm sure it will be followed up early next week with a more in depth PR.

[Maffioso]

That's exactly my thinking as well Stank.