Deal Snapshot
Puration to Acquire 72-Acre Dallas Farmland Parcel for USD 1.3m
Friday 23 October 2020

Georgia, US-based real estate investment and redevelopment company UC Asset (OTCQX: UCASU) has agreed to sell 72 acres of Texas farmland to lifestyle brand company Puration, Inc. (OTC: PURA) for a consideration of USD 1.3m, the company said.

According to the sales contract, PURA will acquire the farmland by paying USD 100,000 in cash, and another USD 1.2m in form of a secured note. The note will be pledged using the purchased farmland as collateral. The transaction is set to closed on or before November 02, 2020.

Date Published: 23/10/2020