News: TTB Total Brain Enters Into Binding Agreement With Sondermind To Purchase TTB Business

Aug 5 (Reuters) - Total Brain Ltd (TTB) :

• ENTERS INTO BINDING AGREEMENT WITH SONDERMIND TO PURCHASE TTB BUSINESS THROUGH A SALE OF ASSETS
• PURCHASE PRICE IS US$10 MILLION
• POST-COMPLETION OF TRANSACTION, TTB INTENDS TO RETURN FUNDS TO SHAREHOLDERS VIA A BUY-BACK FACILITY AND COMMENCE A WINDING UP
• ENTERED BINDING ASSET SALE AGREEMENT WITH SONDERMIND
• ADDITIONAL PAYMENT OF $3 MILLION MAY BE PAYABLE IF CO IMPLEMENTS CLINICAL SERVICES DEAL WITH ONE OF ITS CUSTOMERS BY 22 AUG

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