Brief: NanoXplore Announces Acquisition Of Sigma Industries

NanoXplore

03/07/2018 22:52

July 3 (Reuters) - Sigma Industries Inc  SSG.V :
    * NANOXPLORE ANNOUNCES THE ACQUISITION OF SIGMA INDUSTRIES
    * SIGMA INDUSTRIES INC -  UNDER TERMS OF ARRANGEMENT, EACH
SIGMA
COMMON SHARE WILL BE EXCHANGED FOR 0.39 COMMON SHARE OF
NANOXPLORE
    * SIGMA INDUSTRIES INC - DEAL FOR A TOTAL VALUE OF
APPROXIMATELY
$18.8 MILLION
    * SIGMA INDUSTRIES - CASH CONSIDERATION OFFERED UNDER
ARRANGEMENT
IS ABOUT $9 MILLION, NUMBER OF NANOXPLORE SHARES ISSUABLE IS
ABOUT 5.1 MILLION

Source text for Eikon:  ID:nGNX4Wzqqr 
Further company coverage:  SSG.V 

 (Reuters.Briefs@thomsonreuters.com)