News: AVC Auctus Alternative Investments Announces Restructure Of Gophr Ltd

March 21 (Reuters) - Auctus Alternative Investments Ltd (AVC) :

• CO VIA UNIT YONDER AND BEYOND, SIGNED BINDING TERM SHEET TO ENABLE RESTRUCTURE OF GOPHR LTD
• TO SELL-DOWN 42.5% OF GOPHR TO MANAGEMENT ON A VENDOR FINANCED LOAN AT A PRE-MONEY VALUATION OF £2.75M
• TO RESTRUCTURE EXISTING DEBT IN GOPHR INTO A CONVERTIBLE NOTE
• ACCOUNTING IMPACT OF DECONSOLIDATION IS EXPECTS TO BE PROFIT OF A$4M, IMPROVEMENT OF A$5.5M ON NET ASSETS OF AUCTUS

Source text : http://bit.ly/2HzpZMR

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