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PRIMA COLOMBIA HARDWOOD INC. COMPLETES ACQUISITION OF REM FOREST PRODUCTS INC. AND CLOSING OF $5,500,000 FINANCING
PRIMA COLOMBIA HARDWOOD INC. COMPLETES ACQUISITION OF REM FOREST PRODUCTS INC. AND CLOSING OF $5,...
About this update from Bravern Ventures Ltd.
[{"type":"text","content":"\n\n\n\n Sep. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n TSXV:  PCT\n \n\n\n\n VANCOUVER, Sept. 22 /CNW/ - Prima Colombia Hardwood Inc., (TSX-V:PCT) ("Prima\n Colombia" or the "Company") is pleased to announce\n that it has completed its acquisition (the "Acquisition") of\n all of the issued and outstanding shares of REM Forest Products Inc. ("REM\n Forest") effective September 21, 2010 and it is expected that\n trading in its common shares will recommence under its new name "Prima\n Colombia Hardwood Inc." (symbol PCT.V) on the TSX Venture Exchange on\n September 23, 2010.\n \n\n Transaction Summary\n \n\n The Acquisition was effected by way of a share purchase agreement among\n Prima Colombia, REM Forest and the shareholders of REM Forest pursuant\n to which the holders of all of the issued and outstanding shares of REM\n Forest received common shares in Prima Colombia and REM Forest has\n become a wholly-owned subsidiary of Prima Colombia.\n \n\n Under the terms of the Acquisition:\n \n\n\n each REM Forest shareholder received 1.9 common shares in Prima\n Colombia for every common share of REM Forest held, resulting in the\n issuance of a total of  130,234,495 Prima Colombia shares to the REM\n Forest shareholders;\n \n\n an aggregate of 50,000,000 of the Prima Colombia shares issued to key\n management members of Prima Colombia have been placed into a\n performance escrow agreement pursuant to which t...