RE: PR Ploutonic Resources Ltd - Purchase in the bag29 Apr 2021 12:18
CMRS have acquired PR Ploutonic.
Consideration
The transaction between the Company and PRL has been conditionally agreed by Heads of Terms and values the acquisition of 100% of PRL and its licence assets at GBP750,000, payable through the issuance of new Ordinary Shares of 1p each ("Consideration Shares"). The issue price for the Consideration shares will be calculated using a VWAP based on the 30-trading days with 8.4.21 as the record date. The exact number of shares to be issued will be announced in due course. Completion by way of signing a Share Purchase Agreement is expected to take place no later than 14 May 2021 ("Completion"). The Consideration Shares will rank pari passu with the Company's existing Ordinary Shares