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Omnitech Holdings Ltd to acquire ASF Kaili Resource Pty Ltd

Friday, 11 Apr 2014 02:19am EDT 

ASF Group Ltd:Enters into a sale and purchase agreement with Omnitech Holdings Limited (OHL).Pursuant to which OHL agrees to acquire 100 pct equity interest in ASF Kaili Resource Pty Ltd (ASF Kaili) at a consideration of A$605,000.Says which will be satisfied by the issue and allotment by OHL of 11,000,000 fully paid ordinary shares at A$0.055 each to the shareholders of ASF Kaili.ASF Kaili currently holds 2 tenements (E04/1433 and E04/1436) in Western Australia and ASF is the ultimate holder of 20 pct equity in ASF Kaili.Accordingly, ASF will be entitled to 2.2 mln fully paid ordinary shares of OHL as a result of the disposal of its 20 pct interest in ASF Kaili. 

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26 Oct 2011