THE AGREEMENT Nimrodel has signed an implementation agreement with the major shareholders of Walkabout to acquire 100% of the issued share capital of Walkabout on the following terms:
The initial consideration will consist of 35,400,800 Nimrodel shares and 35,400,800 Nimrodel options. These will be issued to the Walkabout shareholders on a pro rata basis. Half of the options are exercisable at $0.03 on or before 31 October 2011, a quarter at $0.05 on or before 31 October 2012 and the final quarter at $0.10 on or before 31 October 2013.
Deferred consideration shares have been agreed based on various performance criteria and priced at a 15% discount to the 15 day VWAP Nimrodel share price at the time.
Well I reckon some Walkabout issues are being dumped
Why do you think this pilatus?
NMR Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
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