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Article: New Wave and Playstar engage in final discussions to merge and create a dominant worldwide SMS corporation.
- Article from:
- PR Newswire
- Article date:
- May 11, 2007
CopyrightCOPYRIGHT 2007 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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TORONTO, May 11 /PRNewswire-FirstCall/ -- New Wave Media Inc. - is pleased to announce the framework for an agreement with Playstar Corp. to merge the 2 entities. Playstar shareholders will receive .8 of a share and New Wave shareholders 1 full share in the merged entity
The merged entity would fall under the New Wave umbrella and all financial audited statements of New Wave would be filed and the merged entity will file for an OTCBB listing once all paperwork is complete. Once the merger is complete the new entity will have a corporate structure of 334 million shares outstanding. There will be a shareholder meeting to increase the authorized to 400 million ...