Zedcor Inc. Enters into Agreement to Sell Rentals Segment Assets for $11.3 Million
Zedcor Inc. Enters into Agreement to Sell Rentals Segment Assets for $11.3 Million Calgary, Alberta--(Newsfile Corp. - May 27, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") today announced it has entered into an agreement with a privately held company, controlled and owned by Maynbridge Capital Inc., to sell the assets of the Company's Rentals segment (the Rentals Assets") for cash proceeds of $11.3 million (the "Transaction"). Transaction Details: In addition to the $11.3 million of cash proceeds, Zedcor will receive: a bonus payment of 35% for each dollar of earnings before in...
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