Ace Radio Broadcasters Pty Limited signed a non-binding proposal to acquire 1377AM Radio Broadcasting Licence from Pacific Star Network Limited (ASX:PNW) for AUD 4.5 million on June 5, 2020. The consideration will be payable in cash on completion inclusive of future commitments. The transaction is expected to be completed on July 1, 2020. Ace Radio Broadcasters Pty Limited completed the acquisition of 1377AM Radio Broadcasting Licence from Pacific Star Network Limited (ASX:PNW) on July 1, 2020.