Brief: Monaker Group Enters Into Agreement To Acquire Majority Stake In Digital Bank

Nextplay Technologies

07/04/2021 14:28

April 7 (Reuters) - Monaker Group Inc  MKGI.O :
    * MONAKER GROUP ENTERS INTO AGREEMENT TO ACQUIRE MAJORITY
STAKE IN
DIGITAL BANK WITH PLANS TO EXPAND LONGROOT’S INITIAL COIN
OFFERING PORTAL WITH FINTECH SOLUTIONS
    * MONAKER GROUP INC - MONAKER PAID US$6.4 MILLION IN CASH
FOR
ACQUISITION OF MAJORITY STAKE IN IFEB
    * MONAKER GROUP INC - SIGNED AN AGREEMENT TO PURCHASE
APPROXIMATELY 57.6% OF COMMON VOTING SHARES OF INTERNATIONAL
FINANCIAL ENTERPRISE BANK, INC
    * MONAKER GROUP - ANTICIPATES RECEIVING CONFIRMATION OF
OCIF'S
APPROVAL OR NON-APPROVAL OF COMPANY'S ACQUISITION OF SHARES BY
APPROXIMATELY JUNE 2021

Source text for Eikon:  ID:nGNX4Y3CK8 
Further company coverage:  MKGI.O 

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