04:01 PM EST - Yaletown Capital Corp. : said Wednesday it signed a letter of intent with Vericom Global Pvt. Ltd., India to acquire from the Vericom Shareholders all of the issued and outstanding securities of Vericom. As consideration for the acquisition of the securities of Vericom, the company has agreed to issue 12.0 mllion common shares to the Vericom Shareholders at a deemed price of $1.70 per common share for aggregate consideration of $20.40 million. Yaletown Capital Corp.
shares V.YCC.P are trading unchanged at $0.06.
