Dec 20 (Reuters) - Greenspace Brands Inc:
* GREENSPACE BRANDS ANNOUNCES ACQUISITION OF US BASED GALAXY NUTRITIONAL FOODS, OWNERS OF THE GO VEGGIE BRAND
* GREENSPACE HAS AGREED TO PURCHASE GO VEGGIE FOR A TOTAL CONSIDERATION OF $17.8 MILLION
* DEAL COMPRISED OF $4.5 MILLION IN CASH, $7.62 MILLION IN GREENSPACE SHARES, TWO YEAR VENDOR TAKE BACK LOAN OF $5.72 MILLION
* MILL ROAD WILL BECOME LARGEST SHAREHOLDER OF GREENSPACE AS A RESULT OF TRANSACTION
* WILL ISSUE 7.16 MILLION COMMON SHARES AT $1.37 PER SHARE AS PART OF TRANSACTION Source text for Eikon: Further company coverage: