Post by
wealth2015 on Aug 05, 2016 12:29pm
maybe this is reason for selloff
"....Pursuant to the purchase agreement, the company will purchase 100 per cent of the outstanding membership units of Gannaway Web Holdings LLC, doing business as WorldNow, for total consideration of $45-million (U.S.), $10-million (U.S.) of which is payable in cash on the closing date, $15-million (U.S.) of which will be satisfied on the closing date by the issuance of a total of 9,772,104 Class A shares, at a deemed price of 2.6471 Canadian cents per share, and the balance, being $15-million (U.S.), will be payable in cash one year from the date of closing....."
company should inform market how this obligation wil be executed