IRJDG 8k Item 1.01 - Entry into a Material Defini
Post# of 72711
Posted On: 10/08/2014 9:45:44 AM
IRJDG 8k Item 1.01 - Entry into a Material Definitive Agreement
On May 21, 2013 , the Company entered into a stock purchase agreement with the shareholders of Silex Holdings, Inc. Under this agreement, the Company will acquire Silex Holdings and its wholly owned subsidiary, Silex Interiors, LLC , a specialty construction materials manufacturer and distributor. Silex Holdings will be an 80% owned subsidiary of the Company. As consideration for the acquisition, the Company will issue an aggregate 363,500,000 of its common shares to the shareholders of Silex Holdings in return for 4,662,584 common shares of Silex Holdings , representing 80% of the issued and outstanding stock of Silex Holdings . Of the 363,500,000 common shares issued, the shareholders of Silex Holdings have agreed to retire 250,000,000 common shares at Closing.
The Company has agreed not to reverse its common shares for a period of six months from the date of Closing.
On May 21, 2013 , the Company entered into a stock purchase agreement with the shareholders of Silex Holdings, Inc. Under this agreement, the Company will acquire Silex Holdings and its wholly owned subsidiary, Silex Interiors, LLC , a specialty construction materials manufacturer and distributor. Silex Holdings will be an 80% owned subsidiary of the Company. As consideration for the acquisition, the Company will issue an aggregate 363,500,000 of its common shares to the shareholders of Silex Holdings in return for 4,662,584 common shares of Silex Holdings , representing 80% of the issued and outstanding stock of Silex Holdings . Of the 363,500,000 common shares issued, the shareholders of Silex Holdings have agreed to retire 250,000,000 common shares at Closing.
The Company has agreed not to reverse its common shares for a period of six months from the date of Closing.
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