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TORONTO, Aug. 5, 2025 /CNW/ - Saltire Capital Ltd. ("Saltire" or the "Company") (TSX: SLT) (TSX: SLT.U) (TSX: SLT.WT.U) is pleased to announce the successful closing (the "Acquisition Closing") of its previously announced acquisition (the "Acquisition"), indirectly through a wholly-owned subsidiary, of 100%, directly and indirectly, of the issued and outstanding shares of SanStone Investments Limited ("SanStone") pursuant to a share purchase agreement dated July 24, 2025, as amended (the "Purchase Agreement"). SanStone is a leading owner and operator of heavy equipment dealerships and agricultural equipment dealerships in Eastern Canada that owns and operates the Wilson Equipment and Tidal Tractor dealership brands. The Acquisition valued SanStone at C$70 million (subject to customary adjustments, the "Purchase Price"). Saltire satisfied C$10 million of the Purchase Price and an Acquisition Closing working capital adjustment that was payable in common shares of the Company ("Common Shares") by issuing an aggregate of 1,246,071 Common Shares to the vendors at a deemed price of C$11.78 per Common Shares upon the Acquisition Closing. Certain other Common Shares are issuable to certain vendors pursuant to the Acquisition in specific circumstances.
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