Mejority Capital Limited (ASX:MJC) entered into a share sale agreement to acquire Creative Capital Group Pty Ltd for AUD 3.1 million on August 17, 2020. The consideration comprises of a cash payment of AUD 0.6 million upon closing. Also, upon the achievement of new revenue more than AUD 1 million after deduction of trail related income generated (New Revenue Milestone) Mejority will issue AUD 0.6 million worth of fully paid shares. Mejority will also make another payment which will be 50% in cash and rest 50% in shares upon achievement of New Revenue Milestone to be paid 50% in every dollar upto AUD 4 million in excess of the base revenue milestone of AUD 1 million (for which AUD 0.6 million is payable in shares). The maximum shares to be issued for this will be 37.5 million shares of Mejority issued at AUD 0.02 per share. Creative Capital Director, Patrick Bell will be appointed to the Board of Mejority Capital. The transaction is subject to various conditions including approval by shareholders of Mejority Capital. The deal is expected to be earnings accretive and increase revenues of Mejority Capital.