March 21 (Reuters) - Auctus Alternative Investments Ltd (AVC) :
- CO VIA UNIT YONDER AND BEYOND, SIGNED BINDING TERM SHEET TO ENABLE RESTRUCTURE OF GOPHR LTD
- TO SELL-DOWN 42.5% OF GOPHR TO MANAGEMENT ON A VENDOR FINANCED LOAN AT A PRE-MONEY VALUATION OF £2.75M
- TO RESTRUCTURE EXISTING DEBT IN GOPHR INTO A CONVERTIBLE NOTE
- ACCOUNTING IMPACT OF DECONSOLIDATION IS EXPECTS TO BE PROFIT OF A$4M, IMPROVEMENT OF A$5.5M ON NET ASSETS OF AUCTUS
Source text : http://bit.ly/2HzpZMR
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News: AVC Auctus Alternative Investments Announces Restructure Of Gophr Ltd
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