April 7 (Reuters) - Australian Natural Proteins Ltd (AYB) :
- Has secured agreement to purchase the first of the 5 farms previously identified by GRS Foods
- Arrangement involves leasing of current dairy herd valued at $1.8 million and purchase of land, water and machinery for $2.8 million
- Board have also deemed it prudent to secure contracts with the other four farms
- Company also advises that it has terminated its mandate with Icbc Capital Pty Ltd
- Payments to be made by way of a combination of cash, debt and vendor finance
News: AYB Australian Natural Proteins secures agreement to purchase five farms
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