ION VIDEO LTD — M&A Activity 2015

Nov 26, 2015

27 November 2015

FIRESTRIKE COMPLETES DUE DILIGENCE ON LINIUS, A TRANSFORMATIVE PATENTED TECHNOLOGY IN VIDEO MANAGEMENT AND BROADCASTING

Firestrike Resources Limited (ASX: FIE) ( Firestrike or the Company ) is pleased to announce that it has completed its due diligence enquiries in relation to the acquisition of 100% of the issued shares in Linius (Aust) Pty Ltd ( Linius ), an Australian company that has rights to a developed, patented method and system for providing video content on a data network connected device having a display and device controller.

As per the acquisition agreement announced to the ASX on 28 October 2015, Linius (Aust) Pty Ltd has confirmed that it has also completed its due diligence on the Company. Therefore Firestrike have today paid the second deposit of $200,000.

The Company is preparing a Notice of Meeting to approve the acquisition which is intended to be dispatched to shareholders in the third week of December.

Contact:

Mr P Lloyd - Director on (08) 9476 9209

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