Ann: Goldsearch Signs Term Sheet with Zoono Group-GSE.AX, page-2

Anyone still on this?

Forgot about it, then came to check the buy/sell depth - noticed it was suspended!  I missed this announcement in my EOFY activities!

“Zoono generated an operating profit of $978,000* on revenues of $2M in the March 2016 year showing steady growth from an operating profit of $796,000* on revenues of $1.5M in the March 2015 year and $359,000* on revenues of $704,000 in the March 2014 year.” ​

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The 2017 year is expected to be higher again due to deals that the company already has in place. Growth is expected to come from the USA and Asia with significant business also developing in the Middle East.”​

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Amongst other conditions:

• The Company undertaking a consolidation of capital on a ratio of 2:1, occurring simultaneously with the issue of the consideration (Consolidation);
• The Company completing a capital raising of up to AUD$10,000,000 through the issue of up to 50,000,000 Shares at an issue price of AUD$0.20 per Share, on a post-Consolidation basis via a Prospectus Offer in accordance with Section 710 of the Corporations Act;

Could be interesting, but a while longer to wait...