|
|
Article: Solar Energy Initiatives, Inc. Announces Spin-Off of Solar Park Company.
- Article from:
- Energy Weekly News
- Article date:
- October 16, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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)
|
Solar Energy Initiatives, Inc. (OTCBB:SNRY) executing on its corporate mission to Renew The Nation via economic development through the sale and installation of Solar Thermal, Photovoltaic (PV) and other Solar technologies, announced that it will be spinning-off Solar Park Initiatives, Inc., its wholly owned solar park company.
SNRY's shareholders of record, as of October 15, 2009, will receive one common share of Solar Park Initiatives, Inc. for every two common shares of SNRY owned. The transaction is cash and tax free for all SNRY shareholders. SNRY's shareholders as of the record date will not be required to pay for any shares distributed to them, take any ...