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Safety Medical Products Ltd to acquire 3D Medical Limited

Sunday, 22 Jun 2014 11:04pm EDT 

Safety Medical Products Ltd:Says that it has entered into a Heads of Agreement to acquire 3D Medical Limited, an Australian unlisted company focussed on the commercialisation and integration of 3D printing and holographic projection technology into the Australian medical industry.Under the terms of the agreement, Safety Medical, 3D Medical and the 3D Medical shareholders are to execute a share sale agreement within 60 days.Says the consideration for the acquisition is made up as payment of $100,000 cash and will issue 1,793,750,000 fully paid ordinary consideration shares.Issue of 500,000,000 consideration options, exercisable at $0.003 per share and expiring 18 months after completion and 375,000,000 consideration options, exercisable at $0.004 per share and expiring 24 months after completion. 

Company Quote

21 Nov 2014