MERGER: Initial $65,000,000 in Production and Distribution Financing
The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.
Initial. So, there may more than $65 Million coming to HHSE. We do not know how much of the $65,000,000 Payment was remitted. But, the issues were resolved. So, HHSE was given the Initial Payment.
HHSE Merger Disclosure:$65,000,000_Funding, NASDAQ, Chinese Venture Partners
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