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8 months ago
BRIEF-Esrey signs non-binding Letter of Intent with Enablence Technologies
December 8, 2016 / 6:24 PM / 8 months ago

BRIEF-Esrey signs non-binding Letter of Intent with Enablence Technologies

1 Min Read

Dec 8 (Reuters) - Esrey Energy Ltd :

* Announces signing of a non-binding Letter of Intent with Enablence Technologies Inc.

* Upon completion of business combination, shareholders of Esrey are expected to own approximately 13.6% of pro forma company

* Says Esrey shareholders will receive approximately 2 shares of Enablence for each share of Esrey owned

* Says upon completion of business combination, shareholders of Esrey are expected to own approximately 13.6% of pro forma company

* As per terms of LOI, completion of business combination is conditional upon Enablence raising minimum $4 million by way of private placement Source text for Eikon: Further company coverage:

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