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BRIEF-Fatfish Internet Signs Term Sheet To Buy 3.45% Of ESports.com

Published 06/06/2018, 09:12 pm
Updated 06/06/2018, 09:20 pm
© Reuters.  BRIEF-Fatfish Internet Signs Term Sheet To Buy 3.45% Of ESports.com
FFG
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June 6 (Reuters) - Fatfish Internet Group FFG.AX :

* FFG SIGNS TERM SHEET TO ACQUIRE 3.45% OF ESPORTS.COM

* UNDER TERM SHEET, FATFISH WILL EXCHANGE 45.6 MILLION OF ITS ORDINARY SHARES IN ICANDY FOR ORDINARY SHARES IN ESPORTS.COM

* ICANDY SHARES BEING EXCHANGED BY FATFISH ARE TO BE VALUED AT AUD$4.56 MILLION

* TRANSACTION WILL RESULT IN FATFISH OWNING ABOUT 3.45% OF TOTAL ENLARGED ISSUED SHARE CAPITAL OF ESPORTS.COM

* ESPORTS.COM TO INVEST $1 MILLION IN ICANDY IN EXCHANGE FOR 16.5 MILLION ORDINARY SHARES OF ICANDY AT ISSUE PRICE OF A$0.08 PER SHARE

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