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GoConnect wins approval to buy PLW, Undercover

GoConnect wins approval to buy PLW, Undercover

Shareholders in interactive advertising company GoConnect (ASX:GCN) have approved the company's proposed purchase of PLW Entertainment and Undercover.com.au in an all-stock transaction.

GoConnect will now pay 124.3 million shares to PLW shareholders for PLW, and the same amount to Cashmere Media for Undercover.

GCN shares are currently trading at $0.024.

Shareholders also elected to appoint PLW founder Paul Wiltshireand Undercover founder Paul Cashmere as directors in GoConnect, and to grant each 10 million options at 2.5 cents per share.

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Tags investorsonline advertisingGoConnectMergers and acquisitions

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