Tauriga Sciences Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Tauriga Sciences Inc signs definitive agreement to acquire Pilus Energy LLC
Tauriga Sciences Inc:Says the execution of a definitive agreement to acquire Cincinnati, Ohio based Pilus Energy LLC, a developer of alternative cleantech energy platforms using microbial solutions that creates electricity while consuming polluting molecules from wastewater.Says upon consummation of the proposed reverse merger, which has been unanimously ratified by Tauriga's board of directors, Pilus Energy will become a wholly-owned subsidiary of Tauriga.Says in addition certain advisors of Pilus Energy will be incorporated into the existing management team of Tauriga.Says under terms of this definitive agreement, each membership unit of Pilus Energy will be converted into warrants exercisable for common stock of Tauriga.Says the company anticipates the closing of this merger during the first calendar quarter of 2014 but will continue to update shareholders on developments that may affect the ultimate closing date.
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