James Monroe Capital Corporation Acquires British Columbia Corporation in All-Stock Deal
19 8월 2010 - 10:00PM
Business Wire
James Monroe Capital Corporation, a Delaware corporation
(OTCBB:JMON), is pleased to announce that it has acquired all
issued and outstanding shares of Microline Veneer and Forest
Products Corp., a British Columbia corporation, in exchange for
12,499,866 shares of JMON’s Preferred Class, Series B stock.
In the all-stock transaction, Microline becomes a wholly-owned
subsidiary of JMON.
“We are pleased to be able to acquire Microline, as it allows us
to expand our business opportunities both geographically as well as
in terms of our scope of operations,” stated Robert Bryan, JMON’s
President. “It begins to fulfill our vision of a
vertically-integrated supplier of raw materials as well as
large-scale art installations and other projects.”
About James Monroe Capital
Corporation
James Monroe Capital Corporation is a development-stage
conglomerate emphasizing investment in patentable concepts and/or
business plans in the raw materials and large-scale art
installation industries, creating vertical integration synergies as
well as profiting off of the patentable concepts.
About Microline Veneer and Forest
Products Corp.
Microline is a forest products business, founded by its current
president, Peter Wise. It currently holds title to land and
equipment recently valued at approximately $12 million.
For More Information, please contact Robert Bryan, President of
JMON.
www.jamesmonroecapitalcorp.com
James Monroe Capital (CE) (USOTC:JMON)
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