Tarsier Ltd. (OTCPK:TAER) acquired certain assets from Demansys Energy LLC for $1.9 million on December 1, 2015. Under the terms of transaction, Tarsier issued a convertible promissory note for $0.45 million due and payable in four tranches from January to June 2016. Tarsier also issued 2.5 million common shares to DemanSYS to be held in escrow, subject to revenue targets to be met in regards to the software platform acquired. The issue of convertible notes is subject to approval by Tarsier shareholders. The transaction is subject to regulatory and third party approvals. Isaac H. Sutton of Westerman Ball Ederer Miller & Sharfstein, LLP acted as legal advisor for Tarsier Ltd.

Tarsier Ltd. (OTCPK:TAER) completed the acquisition of certain assets from Demansys Energy LLC on December 1, 2015.