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Pacific Coal Completes Private Placement and Reverse Takeover of Vega
Mar. 11, 2011 07:24AM PST
Industrial MetalsPacific Coal Resources Ltd. (CVE:PAK) announced it has completed the reverse takeover of Vega Resources Ltd.
Pacific Coal Resources Ltd. (TSXV:PAK) announced it has completed the reverse takeover of Vega Resources Ltd.
The press release is quoted as saying:
Pursuant to the Transaction, Vega indirectly acquired all of the issued and outstanding securities of Pacific Coal, S.A. in exchange for the issuance of securities of Vega, by way of a three-cornered amalgamation, and changed its name to Pacific Coal Resources Ltd.
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