Swingplane Ventures Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Swingplane Ventures Inc Announces Closing Of Acquisition Of Mid Americas Corp
Swingplane Ventures Inc announced the completion of all documentation required to file the Super 8K for the acquisition of Mid Americas Corp. Mid Americas Corp. has finalized its audited financial statements and the Company will file the Super 8K on February 22, 2013 with the Securities and Exchange Commission. The issuance of the shares to Mid Americas Corp. and the delivery of the shares of Mid Americas Corp. to the Company will finalize the acquisition. Under the terms of the acquisition agreement, the Company will issue a total of 100,000,000 shares of its common stock and 5,000,000 shares of Series A preferred stock to the shareholders of Mid Americas Corp. and will cancel a total of 300,000,000 shares originally issued for the option. The Company will have a total of 235,000,000 shares of common stock and 5,000,000 shares of Series A preferred stock issued and outstanding. Mid Americas Corp. will become a wholly owned subsidiary of the Company.
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