Business
Lemontonic Inc. announces the completion of the reverse takeover with Pioneering Technology Inc.
Lemontonic Inc. announces the completion of the reverse takeover with Pioneering Technology Inc..
About this update from Pioneering Technology Corp.
[{"type":"text","content":"\n\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\nTORONTO, Feb. 16 /CNW/ - Lemontonic Inc. (\"Lemontonic\" or the\n\"Corporation\") (TSX Venture: LEM-X) announced it has today completed the\nshareholder approved business combination (the \"Business Combination\") with\nPioneering Technology Inc. (\"Pioneering\") pursuant to the amended and restated\namalgamation agreement dated December 19, 2005 (the \"Restated Amalgamation\nAgreement\"). The business combination was first announced in Lemontonic's\npress release of May 24, 2005 and revised terms were disclosed in the\nCorporation's September 19, 2005 press release. The name of the amalgamated\ncorporation will be Pioneering Technology Inc.\n\nAbout Pioneering\n\nPioneering is an \"Energy-Smart\" product innovation company based in\nMississauga, Ontario that creates platform and derivative technologies that\nmanage, control and transform heat into useful forms of energy. Pioneering\nengineers and brings to market energy smart solutions for consumer products\nmaking them safer, smarter and/or more efficient. Pioneering's business to\nbusiness model is focused on developing innovative solutions for existing\nindustry problems and licensing or selling its proprietary product components\nto leading Original Equipment Manufacturer's and other established\ndistribution channels.\n\nInvestors are cautioned that, except as disclosed in the Information\nCircular of the Corporation, any information released or received with respect\nto the Business Combination may not be accurate or complete and should not be\nrelied upon. Trading in the securities of the Corporation should be considered\nhighly speculative.\n\nThe TSX Venture Exchange Inc. has in no way passed upon the merits of the\nBusiness Combination and has neither approved nor disapproved the contents of\nthis press release.\n\n\n","length":1902,"tagName":"div"}]