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Nyota Minerals Ltd

  • BY: Andrew Hore |
  • POSTED: 20/11/2016 |

Nyota Minerals Ltd plans to acquire BigDish Ventures Ltd, which provides digital privilege cards or the restaurant sector, although negotiations continue. 

Nyota has until the end of March to secure a transaction. Meanwhile, Nyota will lend £200,000 to Bigdish (www.bigdish.com). The loan is unsecured and lasts for six months with an annual interest rate of 8%. The loan could be converted into ordinary shares. There is an exclusivity period of up to six months. Bigdish has restaurant partners in Manila in the Philippines and intends to roll-out to other countries in south east Asia. If the reverse takeover goes ahead then the company will be re-admitted to AIM and the ASX. 

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