Business News • MarketWire • SOK Partners LLC Entered Into a Share Purchase Agreement With Prospect Park Capital Corp. |
SOK Partners LLC Entered Into a Share Purchase Agreement With Prospect Park Capital Corp. |
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SOK Partners LLC Entered Into a Share Purchase Agreement With Prospect Park Capital Corp.
TORONTO, ONTARIO--(Marketwired - Sept. 9, 2014) - SOK Partners LLC ("SOK") announced that it has entered into a share purchase agreement (the "Agreement") with Prospect Park Capital Corp. (TSX VENTURE:PPK.P) (the "Corporation"). Pursuant to the Agreement, the Corporation has agreed to acquire (such acquisition, the "Skyline Investment") $1,700,000 of common shares of Skyline Medical Inc. from SOK for the purchase price of $1,000,000. The purchase price of $1,000,000 shall be payable as follows: (i) $400,000 payable at the closing of the Skyline Investment (the "Closing"); (ii) $300,000 payable at the Closing by the issuance of 1,304,347 common shares of the Corporation ("Shares") at a deemed price of $0.23 per share; and (iii) $300,000 payable within six (6) months of the Closing by the issuance of 1,714,285 Shares at a deemed price of $0.175 per share (the "Subsequent Share Issuance").
View More : http://www.marketwired.com/mw/release.do?id=1945481&sourceType=3
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