n exchange for the net assets of Sefina Ltd, at acquisition Talia Ltd agreed to: issue 10 Talia Ltd shares for every Sefina Ltd share Talia Ltd shares were considered to have a fair value of $10 per share; costs of share issue were $2 000 transfer a patent to the former shareholders of Sefina Ltd the patent was carried in the records of Talia Ltd at $750 000 but was considered to have a fair value of $1 million pay $5.20 per share in cash to each of the former shareholders of Sefina Ltd