BRIEF-Mincom Capital says intends to acquire Braille Holdings

Tue Oct 18, 2016 5:43pm EDT
 
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Oct 18 (Reuters) - Mincom Capital Inc

* Announces intent to acquire Braille Holdings Inc as an entry point to the lucrative energy storage space with next generation graphene based lithium battery technologies

* Says proposed purchase price is U.S. $2 million

* Says has entered into a non-binding letter of intent with Grafoid Inc to acquire Grafoid's 75 percent interest in Braille Holdings Inc

* Says proposes to raise up to $3 million by way of private placement of units of Mincom at a price of $0.10 per unit

* Says proceeds of private placement will be used to cover consideration of transaction with Grafoid and working capital Source text for Eikon: Further company coverage: