MMHC merger news MEDICALLY MINDED, INC. REACHES AG
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Posted On: 03/07/2017 8:34:26 AM
MMHC merger news MEDICALLY MINDED, INC. REACHES AGREEMENT TO ACQUIRE QUEBEC RESTAURANTS
TAMPA, FL -- MARCH 7, 2017 -- InvestorsHub NewsWire -- Medically Minded, Inc. (OTCPink: MMHC) announces that it has entered into a Merger Agreement pursuant to which it will acquire Skara Restaurants Holdings Inc., a Canadian company which operates Restaurant Skara. In a related transaction, the Company plans to acquire a half interest in Prime BBQ.
Restaurant Skara is located in Bossard, Quebec and Prime BBQ is located in Montreal, Quebec. Restaurant Skara’s web site is http://www.skaradix30.com. ;; Prime BBQ’s web site is http://www.primebbq.ca. ;; Management of Skara Restaurants Holdings, Inc. will assume management of the Company. The parties expect the merger to be completed by March 13, 2017.
Master Chef John Pavlatos, founder of Restaurant Skara and a director and chief executive officer of Skara Restaurant Holdings, Inc. stated: “We are excited about the acquisition of Restaurant Skara and the interest in Prime BBQ and our emergence as a publicly traded company. This change is expected to enable us to quickly undertake franchising of these and other restaurant concepts in the US and Canada. We plan to engage Harold L. Kestenbaum of Melville, New York as our franchise counsel. We plan to file a Form 10 under the Securities Exchange Act as soon as possible.”
No additional securities will be issued in the merger transaction, which will utilize reissue of the currently outstanding 3,000,000 shares of Series A-1 Preferred Stock representing 80% of the Company’s equity.
The Company engaged in a holding company formation in December 2016, in which its name was changed to Medically Minded Holding Corp. In connection with the merger transaction described above, the Company’s name will be changed to JP PRIME FOOD, INC (JPPF) and a request will be made for a trading symbol to reflect the new name
TAMPA, FL -- MARCH 7, 2017 -- InvestorsHub NewsWire -- Medically Minded, Inc. (OTCPink: MMHC) announces that it has entered into a Merger Agreement pursuant to which it will acquire Skara Restaurants Holdings Inc., a Canadian company which operates Restaurant Skara. In a related transaction, the Company plans to acquire a half interest in Prime BBQ.
Restaurant Skara is located in Bossard, Quebec and Prime BBQ is located in Montreal, Quebec. Restaurant Skara’s web site is http://www.skaradix30.com. ;; Prime BBQ’s web site is http://www.primebbq.ca. ;; Management of Skara Restaurants Holdings, Inc. will assume management of the Company. The parties expect the merger to be completed by March 13, 2017.
Master Chef John Pavlatos, founder of Restaurant Skara and a director and chief executive officer of Skara Restaurant Holdings, Inc. stated: “We are excited about the acquisition of Restaurant Skara and the interest in Prime BBQ and our emergence as a publicly traded company. This change is expected to enable us to quickly undertake franchising of these and other restaurant concepts in the US and Canada. We plan to engage Harold L. Kestenbaum of Melville, New York as our franchise counsel. We plan to file a Form 10 under the Securities Exchange Act as soon as possible.”
No additional securities will be issued in the merger transaction, which will utilize reissue of the currently outstanding 3,000,000 shares of Series A-1 Preferred Stock representing 80% of the Company’s equity.
The Company engaged in a holding company formation in December 2016, in which its name was changed to Medically Minded Holding Corp. In connection with the merger transaction described above, the Company’s name will be changed to JP PRIME FOOD, INC (JPPF) and a request will be made for a trading symbol to reflect the new name
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