Maracote to acquire 591729 B.C.
Maracote International Resources Inc MCE
Shares issued 20,008,648 Feb 17 close $0.30
Fri 18 Feb 2000 News Release
Mr. Chet Idziszek reports
The company has entered into a letter of intent to acquire, subject to
regulatory approval, all of the issued shares of 591729 B.C. Ltd. (591), a
private company involved in the development of Asian language and
Linux-based e-commerce solutions, integrating systems, software and
services. The principals of 591 have broad-based technical expertise in
Asian language computing and communication, systems and software design and
the Linux operating system which will enable it to provide high-quality
Linux-based systems designed for optimal performance, reliability and
scalability for multilingual/multinational e-commerce, education,
scientific research and personal use.
In conjunction with this acquisition, Maracote has agreed, subject to
shareholder approval, to consolidate its share capital on a 1 for 10 basis.
The consideration for the acquisition of the shares of 591 will be 10
million postconsolidated shares of Maracote. |
