Aspect Huntley
Oz Brewing Announces Investment in Shedco and Eco Transportable
Friday November 23, 2007, 9:52 am

Original Announcement: Investment in Shedco and Eco Transportable

Oz Brewing announced that it has entered into a Heads of Agreement to acquire 50.1% of Newco (a newly incorporated company) which will hold 100% of the assets of Shedco and Eco Transportable. The HOA includes a first right of refusal to acquire the remaining 49.9% of Newco. The initial consideration to purchase 50.1% of Newco will be satisfied by a cash payment of $1.5m, the issue of 20m ordinary fully paid shares at a deemed price of 10 cents each, the grant of a $1.25m convertible note, payment of approx $400,000 for the Eco Transportable assets, payment of approx $250,000 for stock and reimbursement of expenses incurred in relation to new display centres prior to settlement. The acquisition will also involve an 'additional consideration' element comprising 'performance' shares.

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