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Article: BOCA RATON CAPITAL SIGNS LETTER OF INTENT TO ACQUIRE TRUCKING COMPANY
- Article from:
- PR Newswire
- Article date:
- January 25, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOCA RATON, Fla., Jan. 25 /PRNewswire/ -- Boca Raton Capital Corporation (OTC Bulletin Board: BOCA) today announced it has entered into a letter of intent to acquire Steel City Truck Lines Limited, a wholly owned subsidiary of Mark Four Resources, Inc. (OTC) based in Sault Ste. Marie, Ontario, Canada, for a purchase price calculated at two-times the tangible shareholders' equity of Steel City as of the closing date of the transaction, currently estimated to be approximately $1,560,000 (U.S.). The consideration is expected to be comprised of 500,000 shares of Boca Raton Capital common stock valued at its market price as of the closing date, with the balance paid in convertible ...
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