JSS Resources acquisition
JSS Resources Inc JSS
Shares issued 31,020,114 Jun 30 close $0.38
Wed 30 Jun 99 Acquisition
The Vancouver Stock Exchange has accepted for filing an acquisition
agreement dated May 17, 1999, as amended by a further agreement dated May
23, 1999, between the company, certain investors, certain shareholders of
the company (the JSS shareholders), and Theo Sanidas and Lance Morginn (the
WSI shareholders). Pursuant to the acquisition agreement, the JSS
shareholders will transfer 15 million shares of the company to the
investors, and the WSI shareholders will transfer all the shares of WSI
Management Group Inc. to the company for nominal consideration. The
transaction will result in the acquisition by the company of WSI and its
subsidiary companies and the various businesses run by such companies.
A finder's fee of 150,000 shares of the company is payable by the company
at closing to Thomas Raptis.
A fee of 100,000 shares of the company is payable by the company at closing
to Canaccord Capital Corporation.
Investors: Theo Sanidas; Lance Morginn; Karmen Gionis; John Heary;
Vasilios Soursos; Dimitra Sanidas; Stylianos Sanidas;
Diamond Eight Ltd.; Turret Holdings Inc.; and Bank
Sarasin & Cie
JSS shareholders: 430692 B.C. Ltd.; GG Marketing Sdn. Bhd.; Chablis
Investments Ltd.; Calico Investments Ltd.; and Three
Little Pigs Equities Inc.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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