Captor Capital Corp. (OTCPK:NWUR.F) entered into a non-binding term sheet to acquire 22.25% stake in Growth Network Holdings Inc. from John Jezzini for $10.9 million on April 3, 2018. The purchase price will be satisfied in common shares of Captor. Concurrently, Captor will also acquire 7.75% of the issued and outstanding equity securities of Growth Network directly from treasury for a cash purchase price of $3.775 million. In accordance with the term sheet, Captor will also be granted an option exercisable for up to 12 months after closing to acquire the remaining issued and outstanding equity securities of Growth Network for $34.14 million. Upon completion of the transaction, a nominee of Captor will be appointed to the Board of Directors of Growth Network and, subject to CSE approval, John Jezzini will be added to the Board of Directors of Captor. Completion of the transaction is subject to a number of conditions, including but not limited to due diligence and entering into definitive agreements. Captor Capital Corp. (OTCPK:NWUR.F) cancelled the acquisition of 22.25% stake in Growth Network Holdings Inc. from John Jezzini on August 8, 2018.