Brief: Parazero Says To Acquire 100% Of Issued Share Capital Of Delta Drone South Africa

Tonner Drones SA

13/10/2020 13:54

Oct 13 (Reuters) - ParaZero Ltd  PRZ.AX :
    * TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF DELTA DRONE
SOUTH
AFRICA
    * WILL SEEK ASX RELISTING WITH MERGER & PROPOSED CAPITAL
RAISING
OF BETWEEN A$3.5M & A$5.0M AT ISSUE PRICE OF $0.04 CENTS PER
SHARE
    * TO BUY DELTA DRONE SOUTH AFRICA FROM DELTA DRONE SA
    * AS CONSIDERATION CO TO  ISSUE 203.5 MILLION ORDINARY
SHARES & UP
TO 45 MILLION PERFORMANCE SHARES TO DELTA DRONE SA

Source text for Eikon:  ID:nASX2Sh4fs 
Further company coverage:  PRZ.AX