Ausvision Rural Services entered into binding term sheet to acquire Feeds business and Pre-Export Quarantine business of Wellard Limited (ASX:WLD) for approximately AUD 5 million on December 18, 2018. A total amont of approximately AUD 5.4 million will be realized from the sale which includes the realization of working capital and other assets given the businesses as a going concern. The transaction include provision for all staff to transition with the Businesses The transaction is subject to the receipt of certain consents, approvals and licence transfers. The transaction is expected to close before March 31, 2019. The use of proceed from the transaction will used for pay for the redemption of convertible notes. Ausvision Rural Services completed the acquisition of Feeds business and Pre-Export Quarantine business of Wellard Limited (ASX:WLD) on April 1, 2019.