BRIEF-Avante logixx inc. says acquisition of 70% equity interest in City Wide Locksmiths Ltd

Fri Apr 1, 2016 1:02pm EDT
 
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April 1 (Reuters) - Avante Logixx Inc

* Avante logixx inc. Announces acquisition of 70% equity interest in City Wide Locksmiths Ltd.

* Says deal for an aggregate purchase price of approximately $2.6 million

* Acquisition of 70% equity interest in City Wide Locksmiths immediately accretive to avante

* Says Danny Shearer, city wide locks' president, will remain with company as its president

* Dividend policy has been instituted by city wide locks, intended that board declare dividends quarterly to its shareholders Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)