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Microcap & Penny Stocks : Reliq Health Technologies Inc
RHT.V 0.2150.0%Oct 31 9:30 AM EDT

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To: pocotrader who wrote (623)7/11/2017 6:08:35 PM
From: Rocket Red  Read Replies (1) of 658
 
close the doors

Magor completes sale of Magor Communications

2017-07-11 18:05 ET - News Release
Shares issued 51,725,489

Mr. Brian Baker reports

MAGOR CORPORATION COMPLETES SALE AGREEMENT FOR THE SALE OF ITS OPERATIONS

Magor Corp. has closed the transaction that involved the sale of its wholly owned subsidiary, Magor Communications Corp. (MCC), to N. Harris Computer Corp. for cash consideration to be paid out over a period of 18 months. Harris intends to continue the operations of MCC from its Ottawa location. This transaction was approved by the Ontario Superior Court of Justice on June 22, 2017, as contemplated under the proposals filed by Magor and MCC, and approved by Magor's and MCC's creditors under the Bankruptcy and Insolvency Act pertaining to sale of MCC as per the share purchase and investment agreement dated April 26, 2017, as amended, between Magor, MCC and Harris. Subsequent to closing this transaction, Magor will no longer have any operations.
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