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$RGNP Coordinates Connection adds revenue-generating platform

Reign sees a key advantage of the move to acquire Coordinates Connection as the addition of a revenue-generating, online consumer technology platform. Indeed, the acquisition provides Reign with an established online consumer sales platform, which management sees as being synergistic with Reign's mine-gate to consumer model. Coordinates Collection also brings revenues scale, with sales primarily through online sales last year, according to the acquisition announcement. Terms of the deal included the issuance of 7mn shares of Reign, and a cash payment of $500,000, contingent upon a future offering, as well as earn-out payments based on the performance of certain agreed on products.




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