Brief: Tech Invest Group, T-Bull sign agreement concerning The Dust

Erato Energy SA

06/12/2016 11:17

Dec 6 (Reuters) - Tech Invest Group SA (TIG)  TIGP.WA , 
T-Bull SA  TBLP.WA : 
    * Says it signs an investment agreement with The Dust Sp. z 
o.o. (The Dust), the other investor and The Dust shareholders: 
Me & My Friends SA and T-Bull SA  TBLP.WA  
    * The Dust's partners' s meeting decided to increase its 
share capital via issue of 335 shares on Dec. 5  
    * TIG acquired 134 shares of The Dust for 200,000 zlotys 
representing 10.04 pct stake in The Dust 
    * Other investor acquired 201 shares of the Dust for 300,000 
zlotys 
    * After the registration of The Dust's capital increase TIG 
will hold 10.04 pct stake in The Dust 
    * Cash in the amount of 500,000 zlotys will be allocated for 
development of The Dust's operational activities 
    * Under the agreement, The Dust will be transformed from a 
limited liability company to a joint stock company  
    * After this transformation, the general shareholders 
meeting of The Dust will resolve on the capital increase via 
shares issue offered to new investors 
    * The new shares will be representing from 9.8 pct to 15.0 
pct stake of The Dust 
    * T-Bull owns now 40 pct stake in the Dust, after the 
capital increase it will own 29.96 pct stake of the Dust and TIG 
after capital increase will own between 8.53 pct and 9.05 pct  
    * The stakes held in the Dust by TIG and T-Bull will be for 
sale 
    * By Aug. 31, 2017, The Dust to debut on NewConnect market 
    * The Dust is a designer and developer of games for the 
mobile and stationary devices 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0573403,  urn:newsml:reuters.com:*:nEM0673409 
     
 Further company coverage:  TIGP.WA   
    
 
 
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