Brief: Avante logixx inc. says acquisition of 70% equity interest in City Wide Locksmiths Ltd

Avante

01/04/2016 17:29

April 1 (Reuters) - Avante Logixx Inc  XX.V  
    * Avante logixx inc. Announces acquisition of 70% equity interest in City 
Wide Locksmiths Ltd. 
    * Says deal for an aggregate purchase price of approximately $2.6 million 
    * Acquisition of 70% equity interest in City Wide Locksmiths immediately 
accretive to avante 
    * Says Danny Shearer, city wide locks' president, will remain with company 
as its president 
    * Dividend policy has been instituted by city wide locks, intended that 
board declare dividends quarterly to its shareholders 
 
Source text for Eikon:  ID:nMKWTcxYMa  
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