posted
Top Air Signs Letter of Intent to Acquire Catalina Resources Inc. and Reports on Special Shareholders Meeting
Internet Wire via COMTEX
Jun 1, 2006 9:38:34 AM
TORONTO, Jun 01, 2006 (MARKET WIRE via COMTEX News Network) --
Top Air Manufacturing Inc. (PINKSHEETS: TPAM) announced today that it has signed a letter of intent to acquire 100% of the outstanding shares of Catalina Resources Inc. as well as provided details to the special shareholders meeting held in Toronto on May 30, 2006.
According to the letter of intent, TPAM will undertake a reverse stock split of 1 for 1,000 and will issue a total of 50,000,000 restricted common shares post reverse split to the shareholders of Catalina Resources Inc. and TPAM will change its name to Catalina Resources Inc. The transaction will result in the company to have a total of approximately 70,000,000 shares issued and outstanding.
The company reports that a special shareholders meeting was held in Toronto on May 30, 2006 whereby shareholders have approved the reverse stock split of 1 for 1,000, the change of transfer agent to Select American Transfer and the general terms of the letter of intent with Catalina Resources Inc.
The companies expect to enter into a definitive acquisition agreement on or before June 6, 2006.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Top Air Manufacturer Mike Miller Tel. 416-944-2427 Catalina Resources Inc. Homer Pateridis Investor Relations Consultant Tel. 514-952-5251
SOURCE: Top Air Manufacturing Inc.
Copyright 2006 Market Wire, All rights reserved.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
IP: Logged |
posted
Top Air Signs Definitive Acquisition Agreement With Catalina Resources Inc.
Internet Wire via COMTEX
Jun 5, 2006 10:24:47 AM
TORONTO, Jun 05, 2006 (MARKET WIRE via COMTEX News Network) --
Top Air Manufacturing Inc. (PINKSHEETS: TPAM) announced today that it has signed a definitive acquisition agreement and acquires 100% of the outstanding shares of Catalina Resources Inc.
According to definitive acquisition agreement, TPAM will undertake a reverse stock split of 1 for 1,000 and will issue a total of 50,000,000 restricted common shares post reverse split to the shareholders of Catalina Resources Inc. and TPAM will change its name to Catalina Resources Inc. The transaction will result in the company to have a total of approximately 70,000,000 shares issued and outstanding.
The companies expect to close on the definitive acquisition agreement on or before June 19, 2006.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Top Air Manufacturer Mike Miller Tel. 416-944-2427 Catalina Resources Inc. Homer Pateridis Investor Relations Consultant Tel. 514-952-5251
SOURCE: Top Air Manufacturing Inc.
Copyright 2006 Market Wire, All rights reserved.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
IP: Logged |
posted
According to the letter of intent, TPAM will undertake a reverse stock split of 1 for 1,000 and will issue a total of 50,000,000 restricted common shares post reverse split to the shareholders of Catalina Resources Inc. and TPAM will change its name to Catalina Resources Inc. The transaction will result in the company to have a total of approximately 70,000,000 shares issued and outstanding.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
