odin energy ltd
(ODN:Australian Stock Exchange Ltd)
Transactions by ODIN ENERGY LTD (ODN) in the last 6 months
Odin Energy Limited (ASX:ODN) signed a memorandum of understanding to acquire The Hemp Corporation Pty Ltd. on April 28, 2015. On June 9, 2015, The Hemp Corporation agreed to acquire Ecofibre Industries. The deal is subject to Odin being satisfied with its commercial and technical due diligence, approval of shareholders of Hemp Corporation and Odin Energy, conditional listing approval being received and execution of formal binding agreements.
Odin Energy Ltd. (ASX:ODN) announced a private placement to issue convertible notes for gross proceeds of AUD 500,000 on March 25, 2015. The round will include participation from sophisticated and/or professional investors. The notes will be convertible into share of common stock at AUD 0.001 per share. The note bears a 10% fixed rate of interest per annum. The transaction is subject to shareholder’s approval.
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