Business News • MarketWire • Onsino Capital Corporation Announces Completion of Qualifying Transaction With Quia Resources Inc. and Closing of a Concurrent Financing |
Onsino Capital Corporation Announces Completion of Qualifying Transaction With Quia Resources Inc. and Closing of a Concurrent Financing |
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Onsino Capital Corporation Announces Completion of Qualifying Transaction With Quia Resources Inc. and Closing of a Concurrent Financing
TORONTO, ONTARIO--(Marketwire - Dec. 30, 2010) - Onsino Capital Corporation (TSX VENTURE:OS.H) ("Onsino" or the "Company"), a capital pool company, is pleased to announce that further to its news releases of March 25, August 16, August 24, November 4 and December 1, 2010, it has closed its qualifying transaction (the "Qualifying Transaction") with Quia Resources Inc. ("Quia"). Pursuant to the Qualifying Transaction, which involved the amalgamation (the "Arrangement") of Quia and a wholly-owned subsidiary of Onsino, 1833668 Ontario Inc. ("Onsino Sub"), under the terms of a statutory plan of arrangement (the "Plan of Arrangement") completed in accordance with the Business Corporations Act (Ontario), Onsino acquired all of the issued and outstanding common shares of Quia (the "Quia Shares") in exchange for the issuance of an aggregate of 56,144,628 common shares of Onsino (the "Onsino Shares"). In addition, Onsino
View More : http://www.marketwire.com/mw/release.do?id=1374498&sourceType=3
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