Brief: Martello Announces $5 Million Bought Deal Public Offering Of Units

Martello Technologies

06/05/2020 12:59

May 6 (Reuters) - Martello Technologies Group Inc  MTLO.V :
    * MARTELLO ANNOUNCES $5 MILLION BOUGHT DEAL PUBLIC OFFERING
OF
UNITS
    * MARTELLO TECHNOLOGIES GROUP INC - UNDERWRITERS WILL
PURCHASE AN
AGGREGATE OF 23.8 MILLION UNITS OF MARTELLO AT A PRICE OF $0.21
PER UNIT
    * MARTELLO TECHNOLOGIES GROUP INC - HAS ENTERED INTO A SHARE
PURCHASE AGREEMENT DATED APRIL 28, 2020 TO ACQUIRE 100% OF
SHARES OF GSX
    * MARTELLO TECHNOLOGIES - CONSIDERATION FOR ACQUISITION IS
22
MILLION COMMON SHARES AND CDN$13.9 MILLION CASH FOR AN AGGREGATE
PURCHASE PRICE OF $18.7 MILLION

Source text for Eikon:  ID:nGNX9HVbKq 
Further company coverage:  MTLO.V 

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