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Article: New Wave Media Inc. Completes Share Issuance to Playstar Corporation Shareholders.
- Article from:
- PR Newswire
- Article date:
- December 6, 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, Dec. 6 /PRNewswire-FirstCall/ -- New Wave Media Inc. has completed the acquisition related to the merger of Playstar Corporation, and as a result the Playstar shareholders of record as of November 30, 2007 will receive on a one for one basis shares of New Wave Media Inc.. This share exchange will be administered by New Wave's transfer agent Transfer Online Inc. who will notify NASDAQ. The shareholders of Playstar will receive their shares of New Wave imminently.
The Company would like to disclose that due to the inability of the Company to continue to fund the operations of its Wagerphone subsidiary, it has been negotiated that the Wagerphone business ...