Brief: Cematrix CorP Announces Letter Of Intent For Proposed Acquisition Of Pacific International Grout Co

CEMATRIX

21/01/2019 12:31

Jan 21 (Reuters) - CEMATRIX Corp  CVX.V :
    * ORATION ANNOUNCES LETTER OF INTENT FOR PROPOSED
ACQUISITION OF
PACIFIC INTERNATIONAL GROUT COMPANY AND THE ENGAGEMENT OF JOSEPH
GUNNER AND CO. LLC AS AN EXCLUSIVE INVESTMENT BANKER
    * CURRENTLY ANTICIPATED THAT ACQUISITION WILL OCCUR AS A
SHARE
SALE
    * PIGCO SHARES SHALL BE PAID TO VENDOR BY CEMATRIX AS
$500,000
(USD) IN COMMON SHARES OF CEMATRIX
    * PIGCO SHARES SHALL BE PAID TO VENDOR BY CEMATRIX AS CASH
IN
AMOUNT OF $3.25 MILLION
    * CEMATRIX -PIGCO SHARES SHALL BE PAID TO VENDOR AS $3.5
MILLION
BY EARN-OUT CALCULATED ON OPERATIONS OF OPERATIONAL SUBSIDIARY
FOR UP TO 4 YEARS AFTER CLOSING

Source text for Eikon:  ID:nGNX8p8wR7 
Further company coverage:  CVX.V 

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