👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

BRIEF-Lasseters Corp says co to acquire Gereta Investment

Published 18/11/2015, 02:24 pm
© Reuters.  BRIEF-Lasseters Corp says co to acquire Gereta Investment

Nov 18 (Reuters) - Lasseters Corp Ltd LAS.AX :

* Lasseters Corp Ltd to acquire gereta investment co ltd LAS.AX

* Consideration payable to the vendor under the acquisition agreement is $2.1 million cash at completion

* Says deal for access to online and land based casino and gambling licence

* Will conduct a capital raising

* Will seek to raise a minimum of $5 million and a maximum of $7.5 million at $0.02 per share

* Says expected that the capital raising will include a 9 for 1 entitlement offer to existing shareholders of the company

* Gereta is obliged to pay upfront commitment fee of USD250,000 and monthly service fee based on monthly gross win of online gambling operation

* Source text for Eikon ID:nASX7kVXM1

*

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.