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Premier Holdings Corp Signs Letters Of Intent To Acquire Lighting Businesses


Wednesday, 10 Jul 2013 05:17pm EDT 

Premier Holdings Corp announced that it has entered into non-binding Letters of Intent (LOIs) To Acquire two lighting and energy services companies, AEON Green Energy Solutions (AEON) and Luminous Engineering and Design, Inc. (LEDI). The Luminous Engineering and Design, Inc. LOI contemplates that 2,000,000 shares of Premier Holding Corporation stock would be issued to LEDI, in addition to $75,000 upon closing as consideration for the purchase of LEDI. In addition, 3,000,000 additional shares will be issued to LEDI based on achievement of certain milestones.The LOIs state that the consummation of the acquisitions will be conditioned upon customary closing conditions. 

Company Quote

0.0815
-0.0105 -11.41%
3:59pm EDT