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Monday, April 10, 2017 11:18:29 AM
The Company has completed a series of meetings with the Investment Bank underwriting the acquisitions, and is pleased to announce the solidification of the placement and partnership agreement. Subject to compliance and final review, Turner looks forward to disclosing the name of the investment bank in this subsequent announcement and introduce this critical partner to shareholders. The investment bank has a successful track record in taking emerging OTC companies to larger exchanges like the NASDAQ and NYSE, and the plan for Turner is to pursue the same path.
Acquisition Developments
Turner completed the framework of an acquisition agreement with another private company. Company management is excited to advance this opportunity within an attractive growing sector, and the development signifies management’s efforts to build a diversified balance sheet that could allow for improved return to shareholders through possible spin out transactions. This will allow Turner to minimize any dilution while retaining a minority interest, which in some cases could be distributed to shareholders in the form of stock dividends. As the acquisition is finalized Turner will complete required filings and release a news announcement.
http://turnerventuregroup.com/2017/04/10/turner-completes-critical-steps-investment-bank-partnership-advancement-second-deal-reaches-structuring-stage/
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