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Saxon Capital Group Inc.
News Release
Published Jul 1 2015
4 min read

News Release

NEWS RELEASE

On May 18, 2015, Xsilent Solutions Inc. (the “Company”) filed Articles of Merger with the Nevada SOS whereby the Company entered into a statutory merger with its wholly-owned subsidiary, Saxon Capital Group Inc., pursuant to Nevada Revised Statutes 92A.200 et. seq. The effect of such merger is that the Company was the surviving entity and changed its name to “Saxon Capital Group Inc.”

On June 1, 2015, the Company filed an Issuer Company-Related Action Notification Form with FINRA requesting that the aforementioned name change be effected in the market. The Company also requested that its ticker symbol be changed to “SCGX”. On June 5, 2015, FINRA granted approval for the name change and the ticker symbol change.

On June 11, 2015, the Company filed Articles of Amendment with Nevada SOS to effect a reverse split at a ratio of one-for ten (1:10) for all issued and outstanding shares of its common stock. On the same day, the Company filed an Issuer Company-Related Action Notification Form with FINRA requesting that the aforementioned reverse split be effected in the market on June 25, 2015. This action at this time is still pending approval by FINRA.