Business News • MarketWire • Grasslands Entertainment Inc. Announces Reverse Take-Over With Lakeside Minerals Corp. |
Grasslands Entertainment Inc. Announces Reverse Take-Over With Lakeside Minerals Corp. |
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Grasslands Entertainment Inc. Announces Reverse Take-Over With Lakeside Minerals Corp.
TORONTO, ONTARIO--(Marketwire - Jan. 26, 2011) - Grasslands Entertainment Inc. (TSX VENTURE:GEE) ("Grasslands"), a company listed on the TSX Venture Exchange (the "Exchange"), is pleased to announce that it has entered into an arm's length binding letter agreement (the "Agreement") dated January 20th, 2011 with Lakeside Minerals Corp. ("Lakeside" or "TargetCo."), a non-reporting issuer incorporated under the laws of the Province of Ontario on August 21, 2007, pursuant to which Grasslands will, subject to a number of conditions, acquire all of the issued and outstanding securities of Lakeside. The transaction will constitute a reverse take-over (the "RTO") of Grasslands under the policies of the TSX Venture Exchange (the "Exchange"). Foundation Opportunities Inc. ("FOI") is a controlling shareholder of Lakeside, and this Agreement shall supersede and terminate any prior agreements between Grasslands and Foundation
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