Article: BOCA RATON CAPITAL SIGNS LETTER OF INTENT TO ACQUIRE TRUCKING COMPANY

 
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 ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!