Brief: Mincom Capital says intends to acquire Braille Holdings

Braille Energy Systems

18/10/2016 22:36

Oct 18 (Reuters) - Mincom Capital Inc  MOI.V  
    * Announces intent to acquire Braille Holdings Inc as an 
entry point to the lucrative energy storage space with next 
generation graphene based lithium battery technologies 
    * Says proposed purchase price is U.S. $2 million 
    * Says has entered into a non-binding letter of intent with 
Grafoid Inc to acquire Grafoid's 75 percent interest in Braille 
Holdings Inc 
    * Says proposes to raise up to $3 million by way of private 
placement of units of Mincom at a price of $0.10 per unit 
    * Says proceeds of private placement will be used to cover 
consideration of transaction with Grafoid and working capital 
 
Source text for Eikon:  ID:nCCN2bQxwc  
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