Business News • MarketWire • Key Venture Capital Announces Qualifying Transaction With Pharmacy Hearing Centres |
Key Venture Capital Announces Qualifying Transaction With Pharmacy Hearing Centres |
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Key Venture Capital Announces Qualifying Transaction With Pharmacy Hearing Centres
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2012) - Key Venture Capital Inc. (TSX VENTURE:KVC.P) (the "Company"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSXV"), is pleased to announce that it has entered into a letter of intent (the "LOI") dated August 27, 2012 for the arm's length acquisition, directly or indirectly, of all of the issued and outstanding shares of Ontario-incorporated PHC Canada Inc. and Delaware-incorporated Pharmacy Hearing Centers, Inc. (collectively "PHC") from the shareholders of VitaSound Audio Inc. ("VitaSound"), a private Ontario corporation. VitaSound is owned as to 38.6% by 2171861 Ontario Inc. (an Ontario company that is directly or indirectly owned equally by Philippe Pango, a resident of the Ivory Coast and Gora Ganguli and Mark Chamberlain, whom are residents of the greater Hamilton area) and as to 17.5% by Trivaris-VitaSound Holdings Inc. (an Ontario company that is controlled by Mark Chamberlain).
View More : http://www.marketwire.com/mw/release.do?id=1695352&sourceType=3
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