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BRIEF-IMPERUS enters into option agreement to acquire Akamon Entertainment Millennium

Published 2015-09-08, 01:00 p/m
© Reuters.  BRIEF-IMPERUS enters into option agreement to acquire Akamon Entertainment Millennium

Sept 8 (Reuters) - IMPERUS Technologies Corp LAB.V :
* Enters into option agreement to acquire social gaming company
* Says deal valued at $25.6 million
* Says IMPERUS will assume long term debt of approximately cad$1.2mm (US$0.9M)
as part of the transaction
* Financing will be completed through a combination of cash on hand, remainder
through a non-convertible debt facility
* Advanced $600,000 non-refundable deposit, $22.3 million in cash payable on
closing date, $500,000 cash to be deposited into escrow
* Currently forecasting to generate annualized revenue of about C$21.4 million,
C$6.2 million of adjusted EBITDA in 2015
* Entered into binding option agreement to acquire all shares of thesocial
gaming company Akamon Entertainment Millennium, S.L.

* Source text for Eikon ID:nCCN4d9DZ2

* Further company coverage LAB.V

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