Brief: Ovato Ltd Says Opus To Acquire Ovato's Book Printing Business And Subscribe For Convertible Note

Ovanti

25/05/2022 03:15

May 25 (Reuters) - Ovato Ltd  OVT.AX :
    * OPUS TO ACQUIRE OVATO'S BOOK PRINTING BUSINESS AND
SUBSCRIBE FOR
CONVERTIBLE NOTE
    * FUNDS RAISED FROM TWO TRANSACTIONS WILL BE APPLIED TO
GENERAL
WORKING CAPITAL INITIATIVES OF OVATO
    * SALE OF OVATO'S BOOK PRINTING BUSINESS FOR A$8.5 MILLION
    * CONVERTIBLE NOTE SUBSCRIPTION DEAL UNDER WHICH OPUS AGREED
TO
SUBSCRIBE FOR ONE CONVERTIBLE NOTE IN CO WITH FACE VALUE OF
A$2.5 MILLION

Source text for Eikon:  ID:nASX3csPsq 
Further company coverage:  OVT.AX 

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