SCRSF - ScreenPro acquires Naturevan Nutrition

ScreenPro Security (OTCPK:SCRSF) has completed the acquisition of Naturevan Nutrition, a privately-held British Columbia corporation, focused on the health and wellness industry. The addition provides ScreenPro an entry into the health and wellness space with immediate sales, an e-commerce team, and established sales distribution channel. Both parties have entered into a share purchase agreement, under which the company acquired all the issued and outstanding shares of Naturevan for an aggregate purchase price of $2.2M by the issuance of an aggregate of 25.84M units of the company and $650,000 in cash. Each unit consists of one common share of the company issued at a deemed price of $0.06/share, and one common share purchase warrant. Each warrant is exercisable to acquire one common share of the company at an exercise price of $0.07 per share for a period of two years. The deal provides Naturevan immediate diversification, growth opportunities through its sales

For further details see:

ScreenPro acquires Naturevan Nutrition