Brief: Uniserve To Purchase Assets Of RootCellar

Uniserve Communications

05/06/2018 14:44

June 5 (Reuters) - Uniserve Communications Corp  USS.V :
    * UNISERVE TO PURCHASE DATA MANAGEMENT IT COMPANY
    * UNISERVE COMMUNICATIONS - ENTERED INTO A DEFINITIVE
AGREEMENT
WITH ROOTCELLAR TECHNOLOGIES CORPORATION TO PURCHASE ASSETS OF
ROOTCELLAR
    * UNISERVE COMMUNICATIONS CORP - TRANSACTION IS AN ARM'S
LENGTH
TRANSACTION
    * UNISERVE COMMUNICATIONS CORP - UNISERVE'S FUNDING FOR
PURCHASE
WILL BE THROUGH A PRIVATE PLACEMENT OF 25 MILLION UNITS AT $0.14
PER UNIT
    * UNISERVE COMMUNICATIONS CORP - $2M OF PROCEEDS FROM
PRIVATE
PLACEMENT WILL BE USED FOR ACQUISITION OF ROOTCELLAR

Source text for Eikon:  ID:nGNX7mWTq3 
Further company coverage:  USS.V 

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