The Online Investor
Daily M&A
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
ChartZero

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Mon., Jun. 27, 12:42 PM

Slide #3. Universal Ventures Inc. Promitheas Int'l Ltd.

Acquirer: Universal Ventures Inc. (CVE:UN.CA)
Acquiree: Promitheas Int'l Ltd.
Details: Universal Ventures Inc. (the "Corporation" or "Universal") (TSX VENTURE:UN) is pleased to announce that it has executed a definitive acquisition agreement (the "Acquisition Agreement") dated June 22, 2016 with Promitheas Int'l Ltd. ("Promitheas"), a private company incorporated pursuant to the laws of the United Kingdom, and its shareholders (the "Promitheas Shareholders") pursuant to which Universal is to acquire all of the issued and outstanding shares of Promitheas (the "Promitheas Shares").

Universal Ventures is an exploration stage company. Co. has not yet determined whether the property contain ore reserves that are economically recoverable. The recoverability of amounts shown for exploration and evaluation assets is dependent upon the discovery of economically recoverable reserves, confirmation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain the necessary financing to complete the development, and upon future profitable production from the properties or realizing proceeds from their disposition.

Open the UN.CA Page at The Online Investor »

Company Name:  Universal Ventures Inc
Website:  www.universalventuresinc.ca
Sector:  Precious Metals
 

Open the UN.CA Page at The Online Investor (in a new window) »

June 27, 2016    12:42 PM Eastern
Quotes delayed 20 minutes


Mergers & Acquisitions | www.TheOnlineInvestor.com | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.