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Thalassa Hldg Ltd Announces Proposed Acquisition Of GO Science Business

Monday, 23 Sep 2013 02:00am EDT 

Thalassa Hldg Ltd announced that it has entered into heads of terms and paid a non-refundable deposit of GBP360,000 in respect of the proposed acquisition of the business, intellectual property and other assets of GO Science Limited (GO Science). GO Science Limited was placed into administration on July 31, 2013. Thalassa has agreed to acquire GO Science for a consideration payable to the administrators, on behalf of GO Science Limited, of GBP3.6 million, which comprises the initial deposit of GBP360,000 and a further cash sum on completion of GBP3,240,000. In addition, Thalassa may issue up to £4.4 million of new Thalassa shares to the shareholders of GO Science Limited, provided, inter alia and at the discretion of Thalassa, Go Science's principal customer contracts are re-activated 

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-0.5 -1.28%
26 Jan 2015