Green Resources completed acquisition of the Global Solidarity Forest Fund
Green Resources has completed substantially all of the acquisition of the Global Solidarity Forest Fund ("GSFF").Under the terms of the all share deal, Green Resources issued 15.1 million new shares at $5.90 per share to acquire the assets and outstanding cash of GSFF.
ByLesprom Network
Jun 09, 2014. /Lesprom Network/. Green Resources has completed substantially all of the
acquisition of the Global Solidarity Forest Fund ("GSFF"), as Phaunos
Timber Fund Limited said in the press release received by Lesprom Network.
Phaunos notified the market of the proposed acquisition
on 2 May 2014
and the deal received unanimous approval at an Extraordinary General Meeting
convened by Green Resources on 13 May.
Under the terms of the all share deal, Green
Resources issued 15.1 million new shares at $5.90 per share to acquire the
assets and outstanding cash of GSFF.
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