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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

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