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Mooter Media Ltd Announces Heads Of Agreement To Sell 20% Interest In Knowledge Nation Joint Venture

Thursday, 18 Apr 2013 11:39pm EDT 

Mooter Media Ltd announced that it has executed a Heads of Agreement (HOA) with Entellect Limited (ASX: ESN) to dispose of the Company's 20% interest in educational games joint venture, Knowledge Nation Pte Ltd (KNPL). Consideration for the 20% stake is the right to receive 10% of the KNPL audited net profit (before tax and other offsets) for the two financial years ending June 2014 and 2015. 

Company Quote

25 Jan 2013