Business
SearchGold Resources Inc. agrees to a business combination with Ubika Corp. and related private placement
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES./ ...
About this update from Rocky Shore Gold Limited
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE\n SERVICES./\n\n\nAll amounts in Canadian Dollars \n\n\nTORONTO, March 5, 2013 /CNW/ - SearchGold Resources Inc. (\"SearchGold\" or the \"Company\") (TSXV: RSG) is pleased to announce that it has entered into a letter\n of intent dated March 5, 2013 with Ubika Corp. (\"Ubika\") to acquire (the \"Acquisition\") from the shareholders of Ubika, 100% of the issued and outstanding\n shares (the \"Ubika Shares\") in the capital of Ubika (the \"Proposed Transaction\"). It is expected that the combined entity, after completion of the\n Proposed Transaction (the \"Resulting Issuer\"), will qualify as a Tier 2 Industrial Issuer pursuant to the\n requirements of the TSX Venture Exchange (the \"Exchange\").\n\n\nThe Proposed Transaction will be an arm's length transaction as the\n directors and officers of SearchGold presently have no interest in\n Ubika.   It is intended that the Proposed Transaction shall take place\n by way of an amalgamation, arrangement, share exchange or other similar\n form of transaction. The Proposed Transaction will be considered a\n Change of Business for SearchGold, as such term is defined in Exchange\n Policy 5.2.\n\n\nABOUT UBIKA CORP.\n\n\nUbika is a private, fast growing financial services, research and\n analytics company providing knowledge solutions to private and public\n company clients, predominately in the mining sector. Through its portal\n www.smallcappower.com, it also provides information to corporate and individual investors.\n Ubika was incorporated on March 3, 2004 under the federal laws of\n Canada and has 2,483,333 common shares issued and outstanding (the \"Ubika Shares\").   Ubika conducts its operations from its head office in Toronto and\n a marketing office in Vancouver, Canada. Assuming the successful\n closing of the Proposed Transaction, Ubika intends to utilize the\n public company platform and enhanced access to capital to grow its\n existing business and to provide new and enhanced products to its\n clients. As reported in Ubika's audited financial statements for the\n fiscal years ended December 31, 2010 and 2011, Ubika had revenue of\n $1,405,384 for year ending Dec 31, 2011 and $501,953 for year ending\n Dec 31, 2010.  For the year ending Dec 31, 2011 Ubika Corporation\n...