Brief: Spirit Banner Capital says agreed with Ion Energy to complete business combination

Osiris One Metals

21/08/2019 01:55

Aug 20 (Reuters) - Spirit Banner Capital Corp  SBCCp.V :
    * SPIRIT BANNER AND ION ENERGY ANNOUNCE SIGNING OF
DEFINITIVE
AGREEMENT
    * SPIRIT BANNER WILL ACQUIRE ALL OF OUTSTANDING AND ISSUED
ION
ENERGY COMMON SHARES
    * DEEMED ISSUE PRICE PER RESULTING ISSUER SHARE TO BE ISSUED
TO
ION ENERGY SHAREHOLDERS IS $0.20 PER RESULTING ISSUER SHARE
    * UPON COMPLETION OF BUSINESS COMBINATION, SPIRIT BANNER
WILL
CHANGE ITS NAME TO "ION ENERGY LTD"

Source text for Eikon:  ID:nGNX7m9Cj0 
Further company coverage:  SBCCp.V 

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