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BRIEF-Firan Technology Group signs LOI to buy an aeronautics equipment manufacturing unit

Published 2016-04-19, 03:41 p/m
© Reuters.  BRIEF-Firan Technology Group signs LOI to buy an aeronautics equipment manufacturing unit

April 19 (Reuters) - Firan Technology Group Corp:
* Firan Technology Group Corporation announces C$6 mln
bought deal private placement offering in support of a planned
acquisition
* Letter of intent, exclusivity period to buy substantially
all assets of aeronautics equipment manufacturing division of
US-based company
* Purchase price of approximately $9.3 million in cash is
subject to customary working capital and other adjustments
* Has reached agreement with acumen capital finance partners
to issue 3 million special warrants at C$2.00 per special
warrant

Source text for Eikon: ID:nCCN7btFV6
Further company coverage: FTG.TO

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