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BRIEF-Input Capital Enters Term Sheet To Acquire SRG Security Resource Group Inc.

Published 2020-11-30, 07:49 p/m
© Reuters.

Nov 30 (Reuters) - Input Capital Corp INP.V :

* . ENTERS TERM SHEET TO ACQUIRE SRG SECURITY RESOURCE GROUP INC.

* ENTERED INTO A NON-BINDING TERM SHEET TO PURCHASE 100% OF COMMON SHARES OF SRG

* TERM SHEET HAS BEEN ACCEPTED BY SRG, MAJORITY GROUP OF SHAREHOLDERS HOLDING APPROXIMATELY 78% OF COMMON SHARES OF SRG

* INPUT WILL CONTINUE TO OPERATE ITS EXISTING AGRICULTURE OPERATIONS FOR FORESEEABLE FUTURE

* AVERAGE REMAINING TERM OF INPUT'S STREAMING CONTRACTS WITH ITS MANY FARM CLIENTS IS 2-3 YEARS

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