Friday, November 28, 2014 9:26:25 AM
On November 18, 2014, SouthCorp Capital begun discussions with Nate’s Food Co. to build a 120,000 square foot factory in Indiana that will have the capacity to manufacture 50 million cans per year. SouthCorp Capital currently owns industrial and commercial property in Indiana that will be used as the site for factory and storage.
http://www.sec.gov/Archives/edgar/data/1000955/000147793214006590/sthc_8k.htm
Item 1.01 Entry into a Material Definitive Agreement.
See Item 8.01 below.
Item 8.01 Other Events.
Over the past 60-75 days, the Company’s majority shareholders had been discussing selling their position to a Company looking to do a reverse into Embarr Downs. The purchase price was approximately $300,000. Due to the uncertainty during the time, the Company did not finish building the fish farms in Indiana. Last week the Company’s majority shareholder decided against selling their position.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10166734
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