Blue Star extends heads of terms with SatoshiPay again

20th Dec 2018 14:55

(Sharecast News) - Technology-focussed investing company Blue Star updated the market on the heads of terms it had agreed with SatoshiPay on Thursday, having previously extended them in October.The AIM-traded firm said the initial heads of terms granted the company exclusivity for the proposed acquisition of the entire issued share capital of SatoshiPay, which were set to expire on 31 December.It confirmed on Thursday that the exclusivity period had now been extended to 31 January."Furthermore, the terms of the convertible loan notes issued to the company by SatoshiPay on 1 December 2017 have been amended such that they become redeemable from 31 January 2019 at the company's election, rather than 31 December 2018," the board said in its statement."All other terms as described in the company's announcement dated 1 December 2017 remain unchanged."