Mooter (ASX:MMZ) investors approve Hot Shot merger

Mooter (ASX:MMZ) investors approve Hot Shot merger

Digital media company Mooter Media (ASX:MMZ) has received unanimous approval from shareholders over its merger with Hot Shot Media.

The company will now complete the acquisition of Hot Shot Media by September 3. So far acceptances of over 96% of Hot Shot shares have been received.

Shareholders approved the issue of 375 million shares as part consideration for the acquisition, and of a further 100 million shares and 100 million options to be placed into a trust for Hot Shot's US employees and consultants.

MMZ shares are today trading unchanged at $0.012.

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Tags Mergers and acquisitionsMooter MediaHot ShotASX:MMZ

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