Friday, April 21, 2017 2:19:28 PM
Broadside Enterprises Inc. an American OTC traded public company has now entered into a definitive heads of agreement to purchase ten percent of the SSL Division of LEONO for five million dollars. The agreement will begin with a convertible debenture investment in LEONO and once certain benchmarks are met it will be converted into equity of ten percnet of the issued and outstanding shares of LEONO SLL Division.
Mid Atlantic Capital Associates has signed a binding Letter of Intent to provide the five million in financing in tranches of one million dollars commencing April, 2017.
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