Global Biotech Corp. completed the acquisition of the assets of Purthanol Ltd. for $0.7 million.
Global Biotech Corp. (OTCPK:GBIQ) completed the acquisition of the assets of Purthanol Ltd. for $0.7 million on September 11, 2013. As part of consideration, Global Biotech issued its treasury shares valued at $0.7 million. Global Biotech also acquired purchase orders of $28.5 million for the purchase of ethanol or Athanol from Purthanol International, delivery within the ensuing 12 months.