Devilfish forced to sell its subsidiary
It was announced by Devilfish Gaming, whose co-founder is a well-known poker pro Dave "Devilfish" Ulliot, that they closed a Heads of Agreement with an unidentified but unrelated third party on sale of the whole issued share capital and undertakings of Devil Fish Poker Limited, its fully owned subsidiary.
According to the company spokesman, this sale is not yet concluded, so it is subject to legal procedure and due diligence. The company also stated that the consideration for the sale will be around GBP330 000, and that it is to be satisfied by GBP40 000 in cash and the balance as issue of new ordinary shares in the acquiring company which is listed on the AIM Market of the London Stock Exchange.
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