Naturally Splendid Enters into Definitive Securities Purchase Agreement to Acquire 51% interest in POS BPC Manufacturing Corp.
Vancouver, British Columbia - June 15, 2015 - Naturally Splendid Enterprises Ltd. ( “Naturally Splendid” or “NSE”) (FRANKFURT:50N) (TSX VENTURE:NSP) (OTC:NSPDF) is pleased to announce it has entered into a definitive securities purchase agreement (the “Purchase Agreement”) with POS Management Corp. (“POS Management” or “POS Bio-Sciences”), a wholly owned subsidiary of POS Holdings Corp. (“POS”), whereby POS Management will sell 51 Class A shares of POS BPC Manufacturing Corp. (“BPC”) to Naturally Splendid and, in consideration of which, Naturally Splendid has agreed to pay CAD $1,750,000 (the “Cash Payment”) to POS Management and will issue 367,647 common shares of Naturally Splendid (the “Consideration Shares”) at a deemed price of $0.68 per share to POS Management. POS Management also agreed that the Consideration Shares will be subject to a trading restriction for a period of 12 months from the date of issue.