Update on Bid for Assets of Odotech Inc
Sydney, Dec 8, 2017 AEST (ABN Newswire) - Envirosuite Limited (
ASX:EVS) ("the Company") is pleased to provide an update further to the ASX announcement released 29 November 2017, regarding the acceptance of the Company's conditional bid to purchase the assets of Canadian based 'Odotech Inc'. Envirosuite Limited advises that due diligence has now been satisfactorily completed.
As per the previous announcement, the Trustee will now finalise the Asset Purchase Agreement and apply to the Canadian courts to have the transaction approved at which time the transaction will complete and the assets of Odotech Inc will transfer to Envirosuite Limited and its subsidiaries.
The Company has been advised that this process should be completed in the next ten business days and Envirosuite will release an updated Company presentation following completion.
For further information please contact enquiries@envirosuite.com
About EnviroSuite Limited
EnviroSuite Limited (ASX:EVS) (FRA:57P) is an environmental management technology company that has developed a leading Software-as-Service platform which translates data into action in real-time.
Using proprietary algorithms built on more than 30 years of environmental consulting experience, Envirosuite's platform provides a range of environmental monitoring, management and investigative capabilities.
Envirosuite's platform is used worldwide by a range of clients in the mining, oil refining, transportation and water management industries and by governments looking to regulate industry in accordance with community well-being.
To learn more, please visit: https://www.envirosuite.com
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