Brief: Cannasouth Says Signed Binding Term Sheet With Eqalis Group New Zealand
19/12/2022 01:24
Dec 19 (Reuters) - Cannasouth Ltd CBD.NZ :
* SIGNED A BINDING TERM SHEET WITH EQALIS GROUP NEW
ZEALAND
LIMITED
* VALUE ATTRIBUTABLE TO EQALIS SHARES HAS BEEN NOTIONALLY
SET AT
NZ$48.8 MILLION
* WOULD UNDERTAKE A CAPITAL RAISING INITIATIVE IN
CONJUNCTION WITH
EQALIS TO RAISE ABOUT NZ$9 MILLION
Further company coverage: CBD.NZ
((Reuters.Briefs@thomsonreuters.com;))
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