Sunday, August 25, 2013
Proguard Acquisition Corp Com (PGRD)
Reverse Merger Activity
In addition, at the closing of the Reverse Merger, Random Source will purchase 1,700,000 shares of our common stock from our majority shareholders for $304,000, payable $250,000 at closing and the balance in a 90 day secured promissory note. Following such purchase, these shares shall be cancelled and returned to the status of authorized but unissued shares of our common stock. The closing of the Reverse Merger is subject to a number of conditions precedent. We expect…
