04:07 PM EST - Outlook Resources Inc. : has signed a binding agreement with ERTH Solutions, Inc. to acquire up to a 25% interest in ERTH Solutions for $600,000 U.S.. The company also has an option to acquire the remaining 75% interest in ERTH Solutions from the shareholders of ERTH Solutions on a share exchange basis exercisable after ERTH Solutions reaches certain milestones as set out in the agreement. The company paid $50,000 to ESI for an extension pending negotiation of the binding agreement which is to be credited against the purchase price for the initial 5% Interest in ERTH Solutions. The balance of the $150,000 U.S. payable for the 5% Interest will be paid upon receipt of final TSX Venture Exchange approval and completion of the minimum $400,000 financing which is a condition of the agreement with ERTH Solutions. The financing is expected to close imminently. Outlook Resources Inc.
shares V.OLR are trading up $0.005 at $0.02.
