Brief: Leading Brands to acquire Liquid Media Group

Liquid Media

18/09/2017 14:54

Sept 18 (Reuters) - Leading Brands Inc  LBIX.O : 
    * Leading Brands, Inc. ("LBIX") enters into a definitive 
arrangement agreement with Liquid Media Group, Inc. ("Liquid") 
www.liquidmediagroup.co whereby LBIX will acquire 100% of Liquid 
    * Financial terms were not disclosed. 
    * Existing LBIX shareholders anticipated to hold 22.637% and 
Liquid shareholders anticipated to hold 77.363% of 
post-transaction entity 
    * At deal close, existing LBIX board, with exception of Tom 
Gaglardi, will resign  
    * LBIX has concurrently disposed of its Legacy Beverage 
assets 
    * For deal purposes, existing LBIX shares were valued at 
$1.50 
 
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Further company coverage:  LBIX.O  
 
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