|
|
Article: Canada : Cignus Ventures Inc. Acquisition of Smartlinx VOIP Networks Private Limited.
- Article from:
- TendersInfo
- Article date:
- October 10, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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)
|
Cignus Ventures Inc. (the "Company") (OTCBB:CGNV) is pleased to announce that, on October 7, 2009, it completed its acquisition of Smartlinx VOIP Networks Private Limited ("Smartlinx"), a company incorporated under the laws of India. The acquisition of Smartlinx was completed pursuant to the terms of the Share Purchase Agreement dated August 20, 2009 (the "Share Purchase Agreement") among Smartlinx, the Company, Smartlinx Acquisition Corp. ("Cignus Sub"), the Company's wholly owned subsidiary, David K. Ryan and Citiglobal Ltd. ("Citiglobal").
Under the terms of the Share Purchase Agreement, Citiglobal transferred to Cignus Sub all of its right, title and interest ...