(MENAFN- ProactiveInvestors)
iCollege () has entered into a binding term sheet to acquire Vital Training Solutions Pty Ltd for $40000 in cash and $75000 worth of ICT shares.
Vital is a registered training organisation providing accredited certificate level courses in the finance sector.
It has been awarded approximately $500000 worth of funding through New South Wales “Smart and Skilled” Funding that provides residents of the state the opportunity to receive training that will lead to jobs and for those already employed a possibility to upgrade their skills and knowledge.
The acquisition is subject to further due diligence and completion of formal contractual agreements.
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