RE: Envoy21 Dec 2017 09:41
Jung,
Milestone has agreed to issue Black Cactus Global 744,131,477 shares which equates to 29.5% of its enlarged share capital ("Share Consideration"). The Share Consideration is subject to shareholder approval.
That equates to c3.35m pounds, at 0.45 a share, a hefty investment from black cactus, it makes MSG a very interesting and valuable asset for them as both parties have a vested interest in ensuring their joint venture with pooled resource succeeds.
This is more a joint venture with pooled resource