Brief: Wide Open Agriculture Says Entered Agreement To Buy Assets Of Prolupin GmbH

Wide Open Agriculture

10/10/2023 10:57

Oct 10 (Reuters) - Wide Open Agriculture Ltd  WOA.AX :
    * ENTERS AGREEMENT TO ACQUIRE ASSETS OF PROLUPIN GMBH
    * ENTERED INTO AGREEMENT TO ACQUIRE ASSETS OF PROLUPIN GMBH
FOR
EUR 2.5M
    * PURCHASE CONSIDERATION OF EUR 2.5M TO BE FUNDED VIA A
FORTHCOMING CAPITAL RAISE
    * EXPECTS COMMERCIAL SCALE PRODUCTION OF BUNTINE PROTEIN
WITHIN
SIX MONTHS
    * EXPECTED POSITIVE CASHFLOW FROM INITIAL BUNTINE PROTEIN
SALES
WILL POTENTIALLY FUND FUTURE INVESTMENT AT PROLUPIN FACILITY

Further company coverage:  WOA.AX 

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