BRIEF-Saverone Enters The Military Uav Market Signs Term Sheet To Acquire 33.3% Of Gryphen Aircraft Industries, With An Option To Increase To 53% At A €30 Million Valuation

SaverOne 2014 Ltd. ADR

SVRE

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June 30 (Reuters) - Saverone 2014 Ltd SVRE.TA:

SAVERONE ENTERS THE MILITARY UAV MARKET: SIGNS TERM SHEET TO ACQUIRE 33.3% OF GRYPHEN AIRCRAFT INDUSTRIES, WITH AN OPTION TO INCREASE TO 53% AT A €30 MILLION VALUATION
SAVERONE 2014 - ENTERS NON-BINDING TERM SHEET TO INVEST IN GRYPHEN AIRCRAFT INDUSTRIES
SAVERONE 2014 - TO INVEST €5 MILLION FOR 33.3% OF GRYPHEN
SAVERONE 2014 - MAY INCREASE OWNERSHIP IN GRYPHEN TO 53% AT €30 MILLION VALUATION

Source text: ID:nGNXQbDKD

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