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0.2¢ new zealand coastal seafoods limited

You should call the MD and ask?

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Trueblood

1,435 Posts.

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16/04/24

15:08

Post #: 73369988
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You should call the MD and ask?

Originally posted by kdp1112: ↑

So are these terms now void?

Dated: 5th oct 2022

Compelling transaction terms with revenue growth milestones:Based on the share purchase agreement, the consideration terms comprise:a) an issue of 527,005,031 fully paid ordinary shares in the Company (Shares) and 206,751,257options to acquire Shares with an exercise price of $0.01 and an expiry date of three yearsfrom the date of issue (Options) (Initial Consideration Securities) to the shareholders ofNine Ocean at completion of the transaction; andb) the following deferred consideration to be paid to the shareholders of Nine Ocean as followsi) an issue of 150,000,000 Shares where the total revenue of Nine Ocean within 12 monthsfrom completion is greater than $3,100,000 (Tranche 1 Deferred ConsiderationShares); and(ii) an issue of 225,000,000 Shares where the total revenue of Nine Ocean within 12 monthsfrom completion or within the 12 month period which commences on the date which is 12months from completion and ends 24 months from completion is greater than $6,200,000

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NZS Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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