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BRIEF-Orpheus signs share purchase agreement with Sensen

Published 12/04/2017, 09:43 am
Updated 12/04/2017, 09:50 am
BRIEF-Orpheus signs share purchase agreement with Sensen
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April 12 (Reuters) - Orpheus Energy Ltd OEG.AX -

* Orpheus signs share purchase agreement with sensen-oeg.ax

* Acquisition will constitute a backdoor listing of sensen into orpheus

* Has formally entered into a share purchase agreement on 11 april 2017 with vendors to acquire 100% of issued share capital of sensen

* Consideration for acquisition issue of shares in orpheus

* Orpheus will change its name on completion of backdoor listing to sensen networks limited

* Consideration for share purchase agreement to be paid to sensen shareholders is a total of 262 million shares in orpheus

* Raising of up to aud1.5 million under share purchase plan to be put to Orpheus shareholders and raising up to aud5 million under a general offer prospectus Source text for Eikon: ID:nASXc5SHJc Further company coverage: OEG.AX

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