Graphene NanoChem plc (AIM:GRPH) entered into a heads of agreement to acquire Coulter Group Pty Ltd on November 30, 2017. As per the terms of heads of agreement the transaction consideration will be by way of new ordinary shares in the capital of Graphene NanoChem plc. Coulter Group has provided Graphene NanoChem with a period of initial exclusivity until January 8, 2018, with provisions for extensions. As of January 8, 2018, the exclusivity provisions now have an expiry date of April 23, 2018, with provisions for extension. The transaction is subject to diligence, the execution of a purchase agreement, the publication of an admission document by Graphene NanoChem and shareholders' and regulatory approvals. The transaction is also conditional upon Graphene Nanochem securing conversion of the Group's outstanding long term debt to its primary financier Malaysian Debt Ventures into new equity in Graphene NanoChem plc prior to or concurrent with the acquisition and discussion has been initiated on the proposed conversion. Graphene NanoChem plc (AIM:GRPH) cancelled the acquisition of Coulter Group Pty Ltd on November 30, 2018.