Acquisition of BecomeMedia
InfoChoice Limited refers to the announcement on 26 July 2001 and now announces that the acquisition of all of the shares in BecomeMedia Pty Ltd was executed and completed today.
As earlier announced, InfoChoice Limited issued 1,876,523 fully paid ordinary shares and options to acquire a further 16,000,000 fully paid ordinary shares at an exercise price of one tenth of a cent per share to BecomeMedia Holdings Pty Limited.
Also, a placement of 18,750,000 shares was made to BecomeMedia Holdings Pty Limited at eight cents per share, a premium to the current share price, raising $1.5m.
Accordingly BecomeMedia Pty Ltd is now a 100% owned subsidiary of InfoChoice Limited.
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