Brief: Digital Wine Ventures Enters Binding Term Sheet To Acquire 100% Of Kaddy Australia Pty

Kaddy

14/10/2021 23:50

Oct 15 (Reuters) - Digital Wine Ventures Ltd  DW8.AX :
    * DW8 ACCELERATES MARKETPLACE WITH ACQUISITION OF KADDY
    * CONSIDERATION CONSISTS OF A$6.75M CASH AND APPROXIMATELY
484.9
MILLION DW8 SHARES
    * INITIATED A$14.75M CAPITAL RAISE TO FUND THE ACQUISITION
AND
PROVIDE EXPANSION CAPITAL FOR KADDY
    * ENTERED INTO A BINDING TERM SHEET TO  ACQUIRE 100% OF
KADDY
AUSTRALIA PTY

Source text for Eikon:  ID:nASX1v75rK 
Further company coverage:  DW8.AX 

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