Sunlogics Power Fund Management Inc.
(SLMU)
Sunlogics Power Fund Management Inc., is a solar energy project funder specializing in ECO friendly green power projects. It has the exclusive first right of refusal as the project funding partner of Sunlogics Inc., a vertically integrated solar energy company. Sunlogics Power Fund Management Inc. is focused on the acquisition of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power utilities. Sunlogics has existing business relationships with General Motors, International Power, Energizer, and many other large entities.
Company Information
SLMU trades on the OTCQB (http://www.otcmarkets.com/stock/SLMU/company-info)
Contact Info
Phone: 209-576-0140
| Salamon Group, Inc. |
| 5-215 Neave Road |
| Kelowna, BC |
| VlV-2LP Canada |
Phone: 778.753.4854 |
| |
| Michael Matvieshen | President, CEO |
Company Directors
Michael Matvieshen Transfer Agent
Signature Stock Transfer, Inc.
Website:
http://sunlogicspowerfund.com/
Important News
(May 13, 2011) Salamon Group Inc. Announces Closing of Acquisition of Sunlogics Power Fund Management Inc
http://seekingalpha.com/news-article/1082772-salamon-group-inc-announces-closing-of-acquisition-of-sunlogics-power-fund-management-inc
(December 31, 2010) Salamon Group Signs SPA to Acquire Sunlogics Power Fund
http://www.msnbc.msn.com/id/40856804/ns/business-press_releases/t/salamon-group-inc-signs-spa-acquire-sunlogics-power-fund/
Reverse merger between SLMU and Sunlogics Power Fund
Merger between SLMU and Sunlogics Power Fund Managements was officially completed on Friday, May 13th, 2011.
As a result of the closing, "the Company will now be focused on the acquisition and funding of solar powered electricity generating facilities which have long term power purchasing agreements in place with local power, with particular emphasis on solar projects in Ontario, Canada and on the General Motors solar energy projects to be constructed". Sunlogics Power Fund was granted a right of first offer by Sunlogics Inc. ("SLI") to acquire all revenue producing solar assets developed by SLI pursuant to a Right of First Offer to Purchase Agreement it entered into with SLI, a company formed under the laws of the province of Ontario, Canada, a developer and builder of revenue producing solar assets.
"We are very pleased to have closed on the acquisition. Our unique relationship with Sunlogics Inc. as a preferred partner and the combined experience of management in the solar industry put us ahead of the competition," said Michael Matvieshen, President and CEO of SLMU. "We are excited to move the Company forward and begin to create shareholder value."
Right of First Offer to Purchase Agreement
The terms of the Rights Acquisition Agreement include the following:
(i) SLI grants Sunlogics Power Fund the right of first offer to purchase all solar assets developed and built by SLI.
(ii) The purchase price shall be based on the valuation of the asset's fair market value, by a third party which shall be mutually agreed upon by Sunlogics Power Fund and SLI.
(iii) The term of the agreement is for 3 years with an option to renew for an additional 3 years.
The purchase price for the Acquisition consisted of 40,000,000 shares of common stock, $0.001 par value per share of the Registrant, issued to the Seller. On May 12, 2011 the parties amended the Stock Purchase Agreement (the "SPA"), more specifically the purchase price as follows: SGI purchased and the Seller desired to sell the Sunlogics Power Fund Shares to SGI in exchange for 20,000,000 shares of common stock of SGI (the "SGI Shares") and 20,000,000 stock purchase warrants to be issued to the Seller and/or Seller's assignee(s) (the "SGI Warrants"). The SGI Warrants shall be exercisable at a price of $0.001 per share and expiring five years from the date of issuance (the "Amended SPA").
The whole of the terms are set out in the Rights Acquisition Agreement.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7932004
Share Structure
As of 10/31/11
AS - 50,000,000
OS - 50,294,881
Float - unknown
Also - 20,000,000 shares via warrants owned by Mike Matvieshen exercisiable at $.001/share (not yet executed)
Large Shareholders/Insiders:
Name of Beneficial Owners - Shares Owned
Michael Matvieshen - 20,000,000
Charles Bryant - 2,084,153 John Salamon (Space Globe Technologies) - 0
Sunlogics, Inc. (In Trust) - 1,325,627
Unnamed Consultant - 1,250,000 Limbo Shares - 8,906,059 (Unclaimed shares purchased by Mike Matvieshen from John Salamon for $77,000 in December of 2010. These shares were given to Mike Matvieshen through Harold Schneider by John Salamon. Mike Matvieshen filed that he purchased those shares in December of 2010, but has never claimed ownership of these shares in any subsequent filings. Could these shares have been illegally dumped into the market during the January 2011 pump&dump of this stock?)
Overview
Sunlogics Power Fund will acquire and operate solar powered electricity generating facilities specifically solar canopy, rooftop or ground mount generating stations. It plans to provide its customers with renewable energy on a utility scale, through projects primarily built by SLI, a wholly owned subsidiary of Sunlogics PLC. Sunlogics Power Fund intends to acquire a portfolio of solar projects currently being developed by Sunlogics Inc. (SLI) and other solar asset developers, beginning in North America with the goal of expanding globally.
Sunlogics Power Fund is currently at the commencement of the commercialization phase of its business model. It plans on significantly expanding its solar project portfolio initially through its relationship with SLI and also by identifying, developing and maintaining new relationships with suppliers of solar powered electricity generating facilities in various international regions in the foreseeable future. Sunlogics Power Fund will seek out those partners which have approved applications, a history of banking relationships, renewable energy credits in place, which are either unable to fund project development or are seeking to sell upon completion allowing the Company to secure a portfolio of low risk, long term revenue generating projects.
Plan of Operation
The Company plans to ramp up operation in order to commence the acquisition of solar powered electricity generating facilities.
Results of Operation
Sunlogics Power Fund is a newly formed company and as such does not yet have any revenues. Sunlogics Power Fund entered into a Right of First Offer to Purchase Agreement with SLI as a preferred partner providing it access to a pipeline of solar canopy, rooftop and ground-mount park programs in the planning and early execution stage in Ontario, Canada and with GM and expects to have revenues in this fiscal year. There have been no operating expenses to date, however the Company expects to significantly increase operating expenses once it acquires solar powered electricity generating facilities.
Sunlogics Inc website:
www.sunlogics.com
SEC Filings (SLMU)
12/28/11 - Form 3/A
(John Salamon - with attorney letters)
primary_doc.html attorney letter #1
exhibit99-1.htm attorney letter #2
exhibit99-2.htm 12/28/11 - 8K (resignation of Chuck Bryant and Jack Deliddo)
form8k.htm 12/14/11 - Form 10-Q/A
form10qa_sept30.htm 12/14/11 - Form 10-Q/A
form10qa_jun30.htm 12/14/11 - Form 10-Q/A
form10qa_mar31.htm 12/06/11 - FORM 10-Q/A
form10qa_sept30.htm 12/06/11 - FORM 10-Q/A
form10qa_jun30.htm 12/06/11 - FORM 10-Q/A
form10qa_mar31.htm 11/30/11 - Form 3/A (John Salamon - with attorney letter)
primary_doc.html Attorney Letter
exhibit99-1.htm 11/21/11 - Form 3/A (John Salamon - with remarks)
primary_doc.html 11/21/11 - Form 4/A
primary_doc.html 11/14/11 - FORM 10-Q
form10-q.htm 10/27/11 - FORM 10-Q/A
form10qa2.htm 10/27/11 - FORM 10-Q/A
form10qa.htm 10/27/11 - FORM 10-K/A
form10ka.htm 9/16/11 - Form 3 (John Salamon)
primary_doc.html 9/9/11 - SCHEDULE 13D (Mike Matvieshen)
sch13d.htm 9/1/11 - FORM 8-K (resignation of Sass Peress)
form8k.htm 8/30/11 - FORM 3 (John Salamon - with remarks)
primary_doc.html 8/30/11 - INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES (Mike Matvieshen)
form3.html 8/30/11 - INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES (Jack DeLiddo)
form3.html 8/29/11 - INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES (Charles Bryant)
form3.html 8/23/11 - FORM 10-Q/A
form10qa.htm 8/22/11 - FORM 10-Q
form10q.htm 8/11/11 - FORM NT 10-Q
form12b25.htm 8/4/11 - SCHEDULE 14F-1
sch14f1.htm 5/16/11 - Form 4/A
primary_doc.html Default Letter
exhibit99-1.htm 5/16/11 - Form 4/A
primary_doc.html Agreement
exhibit99-1.htm Canceled Check
exhibit99-2.htm exhibit99-3.htm 5/13/11 - Super 8K
d8k.htm Right for First Offer Agreement
exhibit10-4.htm 5/13/11 - FORM 8K/A
form8ka.htm 5/12/11 - FORM 10-Q
form10q.htm 4/15/11 - FORM 10-K
form10k.htm 4/6/11 - FORM 4/A
primary_doc.html Letter
exhibit99-1.htm 3/30/11 - FORM NT 10-K
form12b25.htm 3/24/11 - FORM 4
primary_doc.html 2/18/11 - FORM 4/A
primary_doc.html AMENDED DEFINITIVE AGREEMENT
exhibit99-1.htm LETTER OF RESIGNATION
exhibit99-2.htm VERIFICATION RESOLUTION
exhibit99-3.htm DIRECTOR'S CONSENT RESOLUTIONS
exhibit99-4.htm FOOTNOTES FROM FORM 4/A
exhibit99-5.htm 2/7/11 - FORM 4/A
primary_doc.html 2/1/11 - FORM 8-K
form8k.htm EXHIBIT 99.1
exhibit99-1.htm 1/25/11 - FORM 8-K
form8k.htm EXHIBIT 99.1
exhibit99-1.htm 1/24/11 - SCHEDULE 13D
sched13d.htm 1/4/11 - FORM 8-K
f8k.htm 1/3/11 - FORM 8-K
form8k.htm STOCK PURCHASE AGREEMENT
exhibit10-1.htm MATERIAL CHANGE REPORT
exhibit99-2.htm 12/21/10 - STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
form4.html 12/13/10 - FORM 8K SALAMON GROUP, INC
salamon8kdec102010.htm
