Black Pearl Group revises NewOldStamp acquisition terms

Black Pearl Group has announced that it has made changes to the terms of its acquisition of the NewOldStamp division.

The variation will see Volodymyr Zastavnyy, the previous owner of NewOldStamp, continue to manage the division but step back from Group level involvement.

Cherryl Pressley will now take on the role of Chief Revenue Officer for Black Pearl Group.

As a result of the changes, the deferred purchase price of NewOldStamp will be reduced by approximately 2 million shares.

The CEO of Black Pearl Group, Nick Lissette, stated that this deal will reduce dilution for shareholders, lower overhead costs, and allow the company to focus resources on its Pearl Diver project.