Goat Industries proposes CA$14.7m BetSource acquisition

Goat Industries entered a non-binding term sheet on 25 August to acquire the companies operating BetSource for CA$14.7m, payable through 70 million common shares, the company said. The proposed transaction requires regulatory and shareholder approvals and completion of due diligence. Goat also plans a private placement to raise at least $2m, with the proceeds intended to support the acquisition, expansion and general corporate purposes.