Common Contracts
1 similar Victory Square Enters Into Definitive Agreement contracts
VICTORY SQUARE ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE 100% OF LIMITLESS BLOCKCHAIN TECHNOLOGY, LLC.Victory Square Enters Into Definitive Agreement • April 9th, 2018
Pursuant to a definitive share purchase agreement executed between the Company and the interest owner of Limitless Blockchain (the “Share Purchase Agreement”), the Purchase Price will be paid and satisfied by the Company through the issuance of 3,703,703 common shares in the capital of the Company (the “Consideration Shares”) at a deemed issue price of $1.35 Canadian per Consideration Share. The deemed issue price represents the closing price of the common shares of the Company on the Canadian Securities Exchange at the end of trading on April 9, 2018, the trading day preceding this news release announcing the acquisition, less a discount of 10%. In accordance with the terms of the Share Purchase Agreement, the Consideration Shares shall be subject to resale restrictions, which permit 8% of the Consideration Shares to be eligible to be free trading four months from the date of issuance to satisfy the statutory hold period and a further 8% every three months thereafter until the final b
