News: AWN Arowana International says signed share sale agreement with Everthought Academy Holdings

Oct 14 (Reuters) - Arowana International Ltd (AWN) :

• Arowana International Ltd - proposed acquisition of evolution academy-AWN.AX
• AWN and Everthought Academy Holdings Pty Limited, signed a share sale agreement
• AWN has agreed to purchase all of issued share capital of evolution academy for a maximum purchase price of $8 million
• Signed a share sale agreement with Evolution Road Maintenance Group Limited and Evolution Traffic Control Pty Limited
• Proceeds of sale from transaction will be utilised by ERMG to pay down existing debt facilities
• Deal to acquire all of issued share capital in ERMG's wholly owned subsidiary, Evolution Academy Pty Ltd