8th Mar 2021 21:21
Nu-Oil & Gas PLC - cash shell - Signs heads of terms to acquire Guardian Maritime Ltd and Guardian Barriers IP Ltd, which deals in the GUARDIAN product, a design and system used to visually deter pirates from maritime vessels, for GBP4.0 million in total.
Expects to relist on the Main Market of the London Stock Exchange in May under the new company name Guardian Global Security PLC.
Also has agreed with largest creditor C4 Energy Ltd to have its outstanding debt obligation of GBP2.5 million, leading to a material write down of the debts face value, to be settled through the issue of new shares.
Current stock price: 0.03 pence
Year-to-date change: unchanged
By Dayo Laniyan; [email protected]
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