Hunter Technology (TSXV: HOC) (OTCQB: HOILF) (WKN: A2QEYH) (FSE: RWPM) today announced its entry into a definitive purchase agreement with FinFabrik Limited, and the holders of a majority of FinFabrik’s outstanding share capital, that outlines the terms and conditions pursuant to which Hunter will acquire FinFabrik. Subject to TSX Venture Exchange approval and other customary conditions set forth in the agreement, Hunter will acquire all of the issued and outstanding shares of FinFabrik for aggregate consideration of US$12 million payable through the issuance of 13,333,333 common shares in the capital of Hunter at a deemed share price of US$0.90 per share (the “consideration shares”). Per the terms of the agreement, issued consideration shares will be subject to a contractual hold period of between six and twelve months from the closing of the transaction. For additional information regarding the transaction, refer to Hunter’s press release dated December 14, 2020, which is available under the company’s SEDAR profile at www.sedar.com.
To view the full press release, visit https://ibn.fm/1fwFI
About Hunter Technology Corp.
Hunter Technology is an oil industry service provider developing interactive platforms to enable the facilitation of physical oil transactions throughout the trade lifecycle, with more favourable economics for producers and access to a fair market for all. Through OilEx.com, Hunter will operate a physical oil marketplace to facilitate the buying and selling of physical oil by independent producers to corporate consumers, traders and sovereign purchasers. In addition, through OilExchange.com, Hunter will offer robust supply chain management tools that track physical oil throughout the supply chain and automate the reporting process. For more information, visit the company’s website at www.HunterTechnology.com.
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