MNZ 0.00% $1.13 mnemon limited

good buying opportunity coming up , page-10

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    Transaction Summary
    • MNZ is a listed ‘shell’ that has no operating activities
    o Has a contingent receivable of $750,000 subject to earn-out up until 31 December 2013
    (as a result of the sale of MNZ’s underlying business – Ring Back Tones Pty Ltd as announced in February 2013)
    • MNZ is seeking to acquire DealsDirect on an equity for equity basis and simultaneously
    conduct a capital raising of c$8.0 million
    • Key aspects of the acquisition by MNZ of DealsDirect are:
    o MNZ to issue ordinary shares to DealsDirect security holders as consideration
    o DealsDirect to be valued at $15 million (subject to completion of due diligence)
    o MNZ to be valued at $1.2 million inclusive of the $750,000 contingent receivable (subject to
    completion of due diligence)
     Consistent with intrinsic value and price of recent capital raising in October 2013
    o A capital raising of c$8.0 million will comprise an Exempt component (c$5million) and a Retail
    component (c$3 million) – to be conducted under a prospectus
    o MNZ to undertake a 1:200 share consolidation
     Note: all acquisition and capital raising shares to be issued on a post consolidation basis
    • The acquisition of DealsDirect, the capital raising and other elements of the transaction are
    all subject to shareholder approval
 
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Currently unlisted public company.

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