Las Vegas From Home.com Entertainment Inc.
(TSX VENTURE:LVH.V - News)(OTC BB:LVFHF.OB - News)(Berlin:LVH.BE - News)(FWB: LVH) announces
the sale of its Action Poker Network ("APN") business to
Playsafe Holdings Ltd. ("Playsafe"), a wholly owned subsidiary
of Playsafe Holding AS (Norway), a public company listed
in Norway. The sale price is US$2,350,000 and the transaction
is to be completed on or before November 17, 2006. Playsafe
has deposited a break up fee of US$250,000, which upon Closing
will be applied against the purchase price or, if the agreement
is earlier terminated, refunded to Playsafe or paid to the
Company in accordance with the provisions set out in the
agreement. A finder's fee of US$75,000 is payable to an
arm's length third party upon completion. The arm's length
transaction is subject to regulatory approval.
| Las Vegas From Home.com Entertainment Inc.
the sale of its Action Poker Network ("APN") business to
Playsafe Holdings Ltd. ("Playsafe"), a wholly owned subsidiary
of Playsafe Holding AS (Norway), a public company listed
in Norway. The sale price is US$2,350,000 and the transaction
is to be completed on or before November 17, 2006. Playsafe
has deposited a break up fee of US$250,000, which upon Closing
will be applied against the purchase price or, if the agreement
is earlier terminated, refunded to Playsafe or paid to the
Company in accordance with the provisions set out in the
agreement. A finder's fee of US$75,000 is payable to an
arm's length third party upon completion. The arm's length
transaction is subject to regulatory approval.
0 Comments about Las Vegas From Home.com Entertainment Inc.:
Post a Comment
<< Desirability of Opening a Business