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Wednesday, 09/20/2017 10:02:18 AM

Wednesday, September 20, 2017 10:02:18 AM

Post# of 107227
$NXGH - "The acquisition is scheduled to be completed by the end of September 2017, contingent upon NXGH's receipt of Limecom's Auditors Opinion. The purchase price is based on Limecom Inc. posting revenues of at least $125 million for 2017, with net profit for the same period in excess of $2.5 million. Under terms of the agreement, Limecom Inc. parent company Heritage Ventures Ltd. will receive a purchase price of $2 million plus 51.8 million shares of NXGH common stock. At time of completion, Heritage Ventures Ltd. will receive 41.44 million shares of NXGH common stock, 80% of the total common stock included in the purchase price of Limecom Inc. The remaining shares (10.36 million, or 20% of total included in the purchase price of Limecom Inc.), along with $2 million, will be delivered approximately eight months after completion of the acquisition, with the overall purchase price prorated should Limecom Inc. revenues and/or net profit fall short of projected performance."

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