Clear System Recycling Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Clear System Recycling Inc Announces Merger Agreement With Masterpiece Investments Corp
Clear System Recycling Inc announced that it has entered into a definitive agreement (the Agreement) to acquire all issued and outstanding shares of Masterpiece Investments Corp. (Masterpiece), a marketplace headquartered in Wilsonville, Oregon. Masterpiece boasts artwork by Lorenzo Ghiglieri, Laran Ghiglieri, and posthumous first-edition originals of Michelangelo, Bernini, Cellini, and many others. Masterpiece Investments is composed of five divisions: the Charitable Division, the Bullion Division, Additive Workshop, Masterpiece Models, and partner company Chiurazzi International, Ltd. As per the terms of the Agreement, Clear System will issue one share of restricted common stock of the Company in exchange for four shares of Masterpiece common stock. As a result of the share exchange 52,500,000 common restricted shares of the Company will be issued to the shareholders of Masterpiece in exchange for 210,000,000 common shares of Masterpiece representing 100% of its issued and outstanding shares. As part of the Agreement, Clear System will cancel 23,000,000 of its current outstanding 36,750,000 shares.
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