HAMILTON THORNE LTD. ("HTL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 16, 2019
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to two Share Purchase Agreements (collectively the "Agreements"), dated August 13, 2019 between Hamilton Thorne Ltd. (the "Company") and arms-length parties (collectively the "Vendors"). Pursuant to the Agreements, the Company has indirectly acquired a 100% interest in Sunbury Holdings Limited and its wholly owned subsidiary: Planer Ltd. (collectively the "Target"), an UK-based manufacturer of incubators, control rate freezers and related services provider.
Under the terms of the Agreement, the aggregate GBP#8.8 million purchase price will be satisfied via cash consideration of GBP#6 million; issuance of 1,414,283 common shares of the Company to the Vendors at a deemed value of CDN$1.137 per share; and the issuance of a promissory note in the principal amount of approximately GBP#1.8 million.
For further details, please refer to the Company's news release dated August 13, 2019.
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