Acquisition of Scarborough Fair
Cooks Global Foods (NZAX:CGF) announces the acquisition of the business and assets of Scarborough Fair Foods and brands from Lighthouse Ventures Holdings LP.
Consideration for the acquisition is:
NZ$225,000 cash;
2,887,500 Cooks Global Foods shares at NZ$0.20 each; and
10 million options on an 18 month term with an exercise price of NZ$0.175 to receive a share.