Brief: Pedro Resources Announces Transaction With Cellcube Energy Storage Systems Inc

Saltbae Capital

03/10/2019 08:34

Oct 3 (Reuters) - Pedro Resources Ltd  PEDh.V :
    * PEDRO RESOURCES ANNOUNCES TRANSACTION WITH CELLCUBE ENERGY
STORAGE SYSTEMS INC.
    * CONSIDERATION FOR THE ASSETS CONSISTS OF PAYMENT OF $1.75
MILLION OF CASH AND SECURITIES YET TO BE DETERMINED TO ACQUIRE
THE ASSETS
    * MAJORITY OF FUNDS TO PAY FOR PURCHASE WILL COME FROM A
FINANCING
    * PEDRO RESOURCES-  ENTERED INTO NON-BINDING TERM SHEET
PURSUANT
TO WHICH CO INTENDS TO PURCHASE ALL ASSETS OF UNITS OF CELLCUBE,
ENERCUBE AND POWERHAZ

Source text for Eikon:  ID:nGNX6YxKC 
Further company coverage:  PEDh.V 

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