June 6 (Reuters) - Fatfish Internet Group (FFG) :
- FFG SIGNS TERM SHEET TO ACQUIRE 3.45% OF ESPORTS.COM
- UNDER TERM SHEET, FATFISH WILL EXCHANGE 45.6 MILLION OF ITS ORDINARY SHARES IN ICANDY FOR ORDINARY SHARES IN ESPORTS.COM
- ICANDY SHARES BEING EXCHANGED BY FATFISH ARE TO BE VALUED AT AUD$4.56 MILLION
- TRANSACTION WILL RESULT IN FATFISH OWNING ABOUT 3.45% OF TOTAL ENLARGED ISSUED SHARE CAPITAL OF ESPORTS.COM
- ESPORTS.COM TO INVEST $1 MILLION IN ICANDY IN EXCHANGE FOR 16.5 MILLION ORDINARY SHARES OF ICANDY AT ISSUE PRICE OF A$0.08 PER SHARE
