My Rewards International Limited (AU:MRI) has released an update.
My Rewards International Limited (MRI) has notified the ASX that while they failed to meet the initial completion date for the Asset Sale Agreement with iGoDirect, a Side Deed has been established to ensure completion with 17 out of 20 customer agreements already secured. MRI’s directors do not believe that the delay has a material effect on the company’s securities as the final resolution is imminent, the company’s securities are suspended from trading, and iGoDirect has not exercised any rights under the Loan Agreement. The company has also made an announcement on the 15th of May addressing the completion of the Asset Sale Agreement.
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