Special Advisory: SSL Venture Capital Jamaica Limited (SSLVC) 

June 11, 2019

 

SSL Venture Capital Jamaica Limited (SSLVC) has advised that the Company intends to provide funding to two (2) Companies and has signed two (2) Term Sheets with the principals of these Companies, setting out the intended terms of these transactions. It is intended that these transactions will be finalized, and final agreements executed, within the next thirty (30) days.

SSLVC further advised that the Companies involved in these transactions are (1) Radiant Energy Co. Ltd. (“Radiant”) and (2) Alpha Imaging Ltd. (“Alpha”).

SSLVC also advised that the Radiant transaction involves SSLVC lending specified sums to Radiant to be repaid by the end of a 9-month period. If not repaid at the end of this period, SSLVC will have the ability to obtain a 30% ordinary equity stake in Radiant.

The Alpha Transaction involves SSLVC acquiring a 20% ordinary equity stake in Alpha.

 

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2019-06-11T20:14:15+00:00