Brief: Inventis Says Unit Enters Deal To Purchase 80% Of Open Projects Group

Inventis

26/09/2022 03:48

Sept 26 (Reuters) - Inventis Ltd  IVT.AX :
    * HOA TO ACQUIRE BUSINESS
    * UNIT ENTERED INTO HEADS OF AGREEMENT TO PURCHASE 80% OF
OPEN
PROJECTS GROUP WITH RIGHTS TO ACQUIRE UP TO 100% IN FIVE YEARS
    * UNDER DEAL, CO TO PAY A$3.4 MILLION IN CASH OVER 24 MONTHS
AND
ISSUE A$200,000 OF IVT GROUP SHARES

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