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Provider: Reuters Investment Profile

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Folkstone Capital Corp Completes Management Changes And Sale Of Shares

Wednesday, 13 Feb 2013 03:33pm EST 

Folkstone Capital Corp announced that the completion of the sale of 2,000,000 common shares of the Corporation by the current directors and officers of the Corporation (collectively, the Sellers) to Eric Owens, Mario Miranda and Eddy Canova (collectively, the Purchasers) for aggregate proceeds of $150,000 or $0.075 per share. Such shares will continue to be held in escrow pursuant to the capital pool company policies of the TSX Venture Exchange (the TSXV). In connection with the foregoing, all of the Sellers have resigned from their positions as directors and/or officers of the Corporation, their stock options have been cancelled and the Purchasers have been appointed to the board of directors of the Corporation. Additionally, Mr. Owens and Mr. Miranda have been appointed Chief Executive Officer and Chief Financial Officer and Secretary respectively of the Corporation. 

Company Quote

0.02 +40.00%
29 Aug 2014