|
|
Article: Lone Wolf Signs on Acquisition of Zenex Communications, As Zenex Reports Strong 1Q 2000 Earnings.
- Article from:
- Business Wire
- Article date:
- May 8, 2000
CopyrightCOPYRIGHT 2000 Business Wire. 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)
|
Business Editors
OKLAHOMA CITY--(BUSINESS WIRE)--May 8, 2000
Lone Wolf Energy Inc. (OTCBB:LWEI) announced today that it signed a binding definitive agreement on May 5, 2000 regarding the acquisition of Zenex Communications, Inc., pending regulatory approval. Terms of the deal include the issuance of 15.55 million shares of the Company's Common Stock. After completion of the transaction, such shares will constitute approximately 48% of the Company's issued and outstanding stock Zenex will become an important independent business unit for LWEI. A switch-based provider, Zenex is tariffed as an interexchange carrier in 48 states and has worldwide terminating ...