SANP .0007 news, cancels R/S:
Santo Mining Corp. Announces Cancelation of Reverse Split and Other Corporate Actions.
Date : 10/08/2015 @ 9:50AM
Source : InvestorsHub NewsWire
Stock : Santo Mining Corp (PL) (SANP)
Quote : 0.0007 0.0001 (16.67%) @ 9:56AM
Santo Mining Corp. Announces Cancelation of Reverse Split and Other Corporate Actions
FT.LAUDERDALE, FL -- October 8, 2015 -- InvestorsHub NewsWire -- Santo Mining Corporation (OTCQB:SANP), (the "Company"), the board of directors had an extraordinary board meeting this month, in which the majority of the board members voted to cancel the board resolution of the previous board to do a reverse split. Additionally; the board approved the filing of a form-15, a name change of Santo Mining Corp. to Cathay Lifestyle Holding, Inc. Immediately after the corporate name change, the company will file with FINRA to change its trading symbol. The company will be also filling the 2014-K, 2015-K and the 1st 2016-Q in the next few weeks, including a full disclosure statement of the company and its new business model.
Franjose Yglesias, CEO of SANP Cathay Lifestyle Holding, Inc., commented, “My goal as CEO, Chairman and majority shareholder is to create value for the shareholders. I will accomplish this by eliminating 70% of the current professional services, eliminating directorship salaries and renegotiating the current debts inherited by previous management. In conjunction with sales, we will be creating value for our shareholders.” Additional Matthew Arnett, CMO of SANP Cathay Lifestyle Holding, Inc., stated, “we are more than a cigar distribution company, we are a luxury lifestyle and brand marketing firm for the Asian community. Under CLH we will have various business units, like luxury cigars, high-end spirits, luxury social media brand awareness, sports bars, and the development of our “cigar jazz lounges”, our goal is to cater unique lifestyle experience to the one per centers of Asia.”
About SANP
Cathay Lifestyle Holdings Inc., we are a lifestyle brand integration, marketing, design, development, education and consultant for high value sales channel of luxury lifestyle products in the leisure and entertainment sector. We have a diverse portfolio of licensed brands as well as a wide range of product categories. Our partners include, membership clubs, golf clubs, financial services groups, nightclubs, restaurants, lounges, sports bars, KTV’s, Duty Free Stores, e-commerce channels and direct to consumers B2C across Asia. Our services embody the interests, attitudes, and opinions of an elite group of consumers that embrace a particular culture. Our Lifestyle brands seek to inspire, guide, and motivate people, with the goal of our products contributing to the definition of the consumer's way of life. We operate off the ideology that we must attract and connect people and brands to ultimately spur, set and create new social phenomenon’s.
FORWARD LOOKING STATEMENT This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
