Tomizone Limited (ASX:TOM) entered into an agreement to acquire EWL Rent Book from WolfStrike Distributors Limited and FE Investments Limited for NZD 7.8 million on April 11, 2019. Under the terms, the purchase price is the assumption of debt EWL has with its funders which certain entities within the Tomizone have guaranteed. The purchase price will be funded through a combination of the new senior debt facility with FE Investments Ltd and the new convertible notes. The transaction is subject to various conditions including Tomizone receiving all necessary regulatory approval including ASX approval, Tomizone completing raising new convertible notes of between AUD 5 million and AUD 6 million and longform documentation being agreed between Tomizone and FE Investments Ltd in regard to the new senior debt facility. On April 18, 2019, ASX advised the transaction does not attract the application of Listing Rule 11.1.2 (shareholder approval) or 11.1.3 (re-compliance with Chapters 1 and 2 of ASX Listing Rules) and as such will not place any conditions on the EWL Rent Book Acquisition and Tomizone is free to complete the transaction. Tomizone will now move to complete the remaining conditions precedent in coming weeks.