SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Sep 23 11:27 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Richard Nash who wrote ()2/28/2000 6:31:00 PM
From: Alain  Read Replies (1) of 451
 
News-----

Pallet Pallet to sell Cdn operations to Logipal

Pallet Pallet Inc PPAL
Shares issued 112,523,426 Feb 25 close $0.04
Mon 28 Feb 2000 News Release
Mr. Robert Hamilton reports
Pallet Pallet has accepted a conditional offer of purchase from Logipal to
acquire the assets and liabilities of the Canadian Operations of PPI (other
than cash and accounts receivable). Logipal is a corporation controlled by
Yvan Bergeron, a vice-president of PPI and general manager of Canadian
Operations of PPI.
The offer is subject to various conditions, including entering into a
definitive agreement of purchase and sale and applicable regulatory and
shareholder approvals.
Closing will occur immediately following shareholder approval. This is
expected to occur by the end of March.
Simultaneously with the acceptance of the conditional offer, PPI and
Logipal entered into an agreement pursuant to which Logipal leases and
manages the Canadian operations, including the production, distribution and
sale of wood pallets. The term of the asset lease and management agreement
will end on the earlier of the closing of the sale to Logipal of the
Canadian operations, or Nov. 11, 2000. The agreement may be renewed by
Logipal at its option and may be terminated by either party on 60 days
prior written notice.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News