STT ENVIRO CORP. ("STT") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: December 31, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to a Letter Agreement (the "Agreement") effective December 5, 2014, between STT Enviro Corp. (the "Company") and Tome Holdings, LLC (the "Vendor"), whereby the Company has agreed to acquire all the intangible assets related to or arising from the development of bonded, composite polyethylene pipe (the "Rohr Pipe Assets"), designed for use in oil and gas field collection applications. The Rohr Pipe Assets comprise proprietary research, a process patent, product development and product samples, financial modeling, and related intellectual property.
Under the terms of the Agreement, the proposed purchase price of $500,000 will be satisfied by a $60,000 cash payment and the issuance of 2,200,000 common shares (payable in 2 installments) at a deemed value of $0.20 per share.
For further details, please refer to the Company's news release dated December 5, 2014. ________________________________________
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