Tony G Co-Investment Provides Update on Alclin Transaction
In This Article:
Toronto, Ontario--(Newsfile Corp. - May 17, 2024) - Tony G Co-Investment Holdings Ltd. (CSE: TONY) (the "Company") is pleased to announce it, further to its press release of November 16, 2023, the Company would like to provide an update on its arm's length transaction agreement (the "Transaction Agreement") with Alclin Manufacturing Proprietary Limited ("Alclin Manufacturing"), Alclin Proprietary Limited ("Alclin") and Christo Gustav Coetzee (the "Vendor") dated November 16, 2023, pursuant to which the Company shall acquire up to 500,000 ordinary shares in the capital of Alclin Manufacturing and 500,000 ordinary shares in the capital of Alclin for aggregate consideration of US$5,000,000 (the "Transaction").
On November 24, 2023, the Company acquired 161,710 ordinary shares in each of Alclin and Alclin Manufacturing for an aggregate purchase price of US$1,617,093.99.
On December 12, 2023, the Company acquired 20,000 ordinary shares in each of Alclin and Alclin Manufacturing for an aggregate purchase price of US$200,000.
On May 17, 2024, the Company acquired 32,340 ordinary shares in each of Alclin and Alclin Manufacturing for an aggregate purchase price of US$323,418.80.
For more information, please contact:
Ron Akram
Chief Executive Officer
Tel: +44 786 6464 520
Email: [email protected]
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Tony G Co-Investment Holdings Ltd. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.