Pacific Coal Completes Private Placement and Reverse Takeover of Vega

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.

To read the full press release, click here.