Brief: Sparta Capital offers to buy Supernova Performance Technologies

Sparta Capital

09/02/2016 21:59

Feb 9 (Reuters) - Sparta Capital Ltd  SAYh.V : 
 * Signs letter of intent to take over environmental tech company 
 * Says is positioned to acquire all or a majority ownership in Toronto based, 
   Supernova Performance Technologies Ltd 
 * This after signing a non-binding letter of intent, offering to purchase all 
   or majority of common shares of Supernova 
 * Says under terms of LOI, Sparta will offer to buy all of the issued and 
   outstanding common shares of Supernova on a one-for-one basis 
 * Says this will result in the issuance of up to 9,849,750 Sparta common shares 
   at a deemed value of $0.05 per common share 
 * Deal will result in Supernova becoming a wholly owned or majority owned 
   subsidiary of Sparta 
 
 * Source text for Eikon  ID:nCCN2lNpZL  
 
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