Well Calissio Announces Closing of Going Privat
Post# of 11038
Posted On: 09/10/2015 9:24:18 AM
Well
Calissio Announces Closing of Going Private TransactionFont size: A | A | A
8:30 AM ET 9/10/15 | PR Newswire
Calissio Resources Group, Inc. ("Company", "Calissio"
(OTC: CRGP) announced today the Company's shareholders voted in favor of the proposal to authorize and approve the previously signed agreement and plan of merger (the "merger agreement" dated August 31, 2015 and to authorize and approve any and all transactions contemplated by the merger agreement, including the merger. Immediately after the completion of the merger, Milagros Del Cobre Mineria S.A. de C.V. will own Calissio.
The parties currently expect to complete the merger immediately, subject to the satisfaction or waiver of the conditions set forth in the merger agreement. Upon completion of the merger, the Company will become a privately held company and its shares will no longer be listed on the OTC Markets.
Personal Message from Chief Executive Officer & President, Adam Carter
"Before considering this decision, every possibility was explored. Due to the stock price and delisting to the Grey Market, the board of directors saw no alternative but to execute this course of action.
"We are expecting solid growth and do not want to repeat previous errors that were committed by third party institutions. We wish to step away from the public markets, which have only put financial pressure on the Company with no guaranteed end; and instead point our efforts on growing and generating more revenue.
"I would also like to pass on some information that we are working on. In addition to our existing copper mines, we are looking to expand into gold mineral exploration. The merger with Milagros Del Cobre Mineria S.A. DE C.V. has created an excellent opportunity for old and new investors to capitalize on our growth. I encourage investors interested in receiving an investment proposal to contact us immediately."
For additional information, please visit: http://www.calissioresources.com.
Contact:Calissio Resources Group, Inc.Investor Relations+1-702-605-4172 ir@calissioresources.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/calissio-announces-closing-of-going-private-transaction-300140717.html
SOURCE Calissio Resources Group, Inc.
Calissio Announces Closing of Going Private TransactionFont size: A | A | A
8:30 AM ET 9/10/15 | PR Newswire
Calissio Resources Group, Inc. ("Company", "Calissio"
(OTC: CRGP) announced today the Company's shareholders voted in favor of the proposal to authorize and approve the previously signed agreement and plan of merger (the "merger agreement" dated August 31, 2015 and to authorize and approve any and all transactions contemplated by the merger agreement, including the merger. Immediately after the completion of the merger, Milagros Del Cobre Mineria S.A. de C.V. will own Calissio. The parties currently expect to complete the merger immediately, subject to the satisfaction or waiver of the conditions set forth in the merger agreement. Upon completion of the merger, the Company will become a privately held company and its shares will no longer be listed on the OTC Markets.
Personal Message from Chief Executive Officer & President, Adam Carter
"Before considering this decision, every possibility was explored. Due to the stock price and delisting to the Grey Market, the board of directors saw no alternative but to execute this course of action.
"We are expecting solid growth and do not want to repeat previous errors that were committed by third party institutions. We wish to step away from the public markets, which have only put financial pressure on the Company with no guaranteed end; and instead point our efforts on growing and generating more revenue.
"I would also like to pass on some information that we are working on. In addition to our existing copper mines, we are looking to expand into gold mineral exploration. The merger with Milagros Del Cobre Mineria S.A. DE C.V. has created an excellent opportunity for old and new investors to capitalize on our growth. I encourage investors interested in receiving an investment proposal to contact us immediately."
For additional information, please visit: http://www.calissioresources.com.
Contact:Calissio Resources Group, Inc.Investor Relations+1-702-605-4172 ir@calissioresources.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/calissio-announces-closing-of-going-private-transaction-300140717.html
SOURCE Calissio Resources Group, Inc.
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