May 26, 2016 / 1:27 PM / a year ago

BRIEF-MGT Capital to name Eric Anderson as chief technology officer

May 26 (Reuters) - MGT Capital :

* To buy secure file sharing technology; major terms of deal include payment to Demonsaw Llc members of 20 million restricted shares of MGT stock

* Proposed share issuance is expected to amount to approximately 28% of the co's common stock on pro-forma fully diluted basis at closing

* To acquire certain technology and assets from Demonsaw LLC

* In conjunction with anticipated deal, announced proposed appointment of Eric J. Anderson as chief technology officer upon closing of deal

* To acquire certain technology and assets from Demonsaw Llc Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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