Under the supplement agreement, ISR Capital says the total consideration has been revised to $4.5 million which shall be fully satisfied with the issue of roughly 674.8 million shares at 0.67 cents each. The consideration shares include 12.5 million convertible securities but exclude treasury shares.
SINGAPORE (Aug 1): ISR Capital has entered into a supplemental agreement with vendor REO Magnetic to revise the terms of the acquisition for a 60% stake in Tantalum.
The original agreement was for ISR Capital to wholly satisfy the $40 million acquisition with the issue of shares at 10 cents each to REO Magnetic.
