GDN golden state resources limited

please explain

  1. 553 Posts.
    "Under the Share Sale Agreements, the Company will acquire all the issued shares and options in Honoratus in consideration for the issue of a total of 300,000,000 fully paid ordinary shares and 300,000,000 options in the Company to the Vendors (“Consideration Securities”). The Company has also agreed to pay Honoratus $500,000 for costs incurred in pursuing the transaction with Transeuro under the HOA on settlement of the Share Sale Agreements."

    Can anyone please explain this.....
 
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Currently unlisted public company.

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