Brief: TIG: MagicVR.co Signs Investment Deal

Erato Energy SA

03/09/2018 07:17

Sept 3 (Reuters) - TECH INVEST GROUP SA (TIG)  TIGP.WA :
    * SAID ON FRIDAY MAGICVR.CO HAS SIGNED INVESTMENT AGREEMENT
WITH
ALL ITS STAKEHOLDERS, INCLUDING TIG, AND TWO INVESTORS
    * THE INVESTORS ARE KVARKO ASI AND INDUSTRY EXTERNAL
INVESTOR 
    * AS PART OF THE DEAL, MAGICVR.CO HAS RECEIVED 1.5 MLN
ZLOTYS FOR
ITS FURTHER DEVELOPMENT, 1 MLN ZLOTYS FROM KVARKO AND 0.5 MLN
ZLOTYS FROM THE EXTERNAL INVESTOR
    * AS A RESULT OF THE INVESTMENT, KVARKO TO OWN 12.4 PCT AND
EXTERNAL INVESTOR 5.4 PCT IN COMPANY
    * TIG TO OWN 11.3 PCT OF SHARE CAPITAL

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMsFjpca
    
 Further company coverage:  TIGP.WA  
   


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