Brief: Mira X Acquisition Provides Update On Qualifying Transaction With Guru Beverage

Guru Organic Energy

29/09/2020 24:53

Sept 28 (Reuters) - Mira X Acquisition Corp  MIRAp.V :
    * UPDATE ON ITS QUALIFYING TRANSACTION WITH GURU BEVERAGE
    * GURU INTENDS TO COMPLETE BROKERED $30 MILLION PRIVATE
PLACEMENT
FINANCING & $5.3 MILLION SECONDARY SALE ON OR ABOUT SEPT 30,
2020
    * PROPOSED TRANSACTION WILL BE AN "ARM'S LENGTH TRANSACTION"
    * SUBSIDIARY OF MIRA X WILL AMALGAMATE WITH GURU AND
SECURITY
HOLDERS OF GURU WILL BECOME SECURITY HOLDERS OF MIRA X
    * EXISTING HOLDERS OF COMMON SHARES OF GURU WILL RECEIVE
COMMON
SHARES OF RESULTING ISSUER IN EXCHANGE FOR THEIR SHARES
    * COMMON SHARES OF MIRA X WILL BE CONSOLIDATED ON A ONE FOR
83.846
BASIS PRIOR TO CLOSING OF PROPOSED TRANSACTION
    * SHAREHOLDERS OF GURU AND SUBSCRIPTION RECEIPT SUBSCRIBERS
WILL
OWN, RESPECTIVELY, 77.5% AND 21.9% OF RESULTING ISSUER

Source text for Eikon:  ID:nCNW1L5VNa 
Further company coverage:  MIRAp.V 

 ((Reuters.Briefs@thomsonreuters.com;))