ITASCA CAPITAL LTD ("ICL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 19, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Subscription Agreement between Itasca Capital Ltd (the "Company") and 1347 Investors LLC ("1347 LLC") and an Amended and Restated Limited Liability Company Agreement LLC Agreement between the Company and the other members of 1347 LLC (collectively, the "Transaction Agreements") dated July 18, 2016. Pursuant to the Transaction Agreement, the Company shall subscribe for up to 10,000,000 Class A Preference Interests of 1347 LLC (the "Interests") for a purchase price of USD$1.00 per Interest for an aggregate total of USD$10,000,000.
The transaction is non-arm's length.
For further information, please see the Company's news release dated July 18, 2016.
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