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BRIEF-Acme Communications enters arrangement deal with Urban Communications
September 6, 2017 / 1:08 AM / 2 months ago

BRIEF-Acme Communications enters arrangement deal with Urban Communications

Sept 5 (Reuters) - Urban Communications Inc

* Urban communications inc says enterprise value being paid of c$15.6 million on a fully-diluted in--money basis

* Under and subject to terms of agreement, Acme has agreed to extend $500,000 loan to Urban as contribution to Urban’s working capital

* Under terms of agreement, each shareholder will receive cash consideration of C$0.07 for each share held Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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