Brief: Melodiol Global Health Secures Non-Binding LOI With Panacea Life Sciences

Melodiol Global Health

02/08/2023 02:27

Aug 2 (Reuters) - Melodiol Global Health Ltd  ME1.AX :
    * SECURES A NON-BINDING LOI WITH PANACEA LIFE SCIENCES
HOLDINGS
    * LOI INCLUDES ADDITIONAL EARN-OUT COMPONENTS VALUED AT UP
TO
US$15M
    * LOI FOR SALE OF SIERRA SAGES HERBS, LLC AND HALUCENEX LIFE
SCIENCES FOR AN INITIAL APPROXIMATE US$5M IN CASH AND SCRIP
VALUE
    * POST-TRANSACTION, MELODIOL WILL BE LARGEST SHAREHOLDER IN
PANACEA

Source text for Eikon:  ID:nASX8GFnZ 
Further company coverage:  ME1.AX 

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