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ProTek Capital, Inc. Acquires Artfest International, Inc.


Friday, 14 Jun 2013 08:32am EDT 

Artfest International, Inc., and ProTek Capital, Inc. announced that the management of both companies reached a definitive agreement on the structure and share exchange. ProTek Capital Inc., will acquire Artfest International by paying a dividend to all Artfest shareholders with ProTek shares on a one to one exchange. In addition, ProTek agreed to issue a special series of preferred shares for the exchange to those shareholders who wish to surrender their common shares for the preferred. This exchange will have a final record date for completion of September 30th, 2013. The preferred exchange will also be offered to current ProTek shareholders for the purpose of reducing the outstanding shares. 

Company Quote

1.0E-4
-1.0E-4 -50.00%
22 Aug 2014