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Article: Marco Polo Investments Ltd. Announces Execution of Amalgamation Agreement With Cobalt Blue Resources Inc. and Transaction Update.
- Article from:
- Marketwire Canada
- Article date:
- August 26, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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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CALGARY, ALBERTA, Aug 26, 2009 (Marketwire via COMTEX) -- Marco Polo Investments Ltd. ("Marco" or the "Corporation") (TSX VENTURE:MCP.P) is pleased to announce that it has entered into a formal amalgamation agreement (the "Amalgamation Agreement") with Cobalt Blue Resources Inc. ("Cobalt") pursuant to which the parties have agreed that Marco and Cobalt will amalgamate (the "Business Combination") and continue as a new company to be named Cobalt Coal Corp. ("Amalco"), on amended terms than those previously announced on March 27, 2009.
Business Combination and Private Placement
Pursuant to the terms of the Amalgamation Agreement:
(a) each common ...