Brief: Facedrive- Enters Into Strategic Partnership And Investment Agreement With Tally

Argo

13/08/2020 14:15

Aug 13 (Reuters) - Facedrive Inc  FD.V :
    * FACEDRIVE INC - ENTERS INTO STRATEGIC PARTNERSHIP AND
INVESTMENT
AGREEMENT WITH TALLY
    * FACEDRIVE INC -  TALLY AND ITS SHAREHOLDERS HAVE BECOME
BENEFICIAL SHAREHOLDERS OF FACEDRIVE, SUBJECT TO A 12-MONTH
LOCK-UP
    * FACEDRIVE INC - INVESTMENT HAS BEEN STRUCTURED AS A CASH
AND A
SHARE-EXCHANGE TRANSACTION
    * FACEDRIVE INC - WOULD INVEST $1 MILLION USD IN CASH AND $2
MILLION USD IN FACEDRIVE SHARES IN EXCHANGE FOR A MINORITY STAKE
IN TALLY

Source text for Eikon:  ID:nBw1gyWtra 
Further company coverage:  FD.V 

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