Santo Mining Corp (SANP)

[Slojab]

So, now it's a merger?

The Company has completed its due diligence as prescribed under the binding Letter of Intent ("LOI") that it signed with Cubanacan Cigars S.A. The Company and Cubanacan are in the process of finalizing the definitive agreement that is to supersede the LOI (the "Definitive Agreement").

The Form 10 filling includes important information on the plan to distribute shares of “Golden Tobacco Co., the surviving legal entity following the majority shareholders and board of directors’ vote of approval for the merger with Cubanacan Cigars S. A. also known as Cubanacan, including an overview of the business, reportable segments and historical financial results for fiscal years 2014, 2015 and the first quarter 2016 ended Oct 31, 2016. The filing will be updated with additional information in subsequent amendments in conjunction with the regular SEC review process. Post-distribution capitalization of Golden Tobacco Co., has not yet been finalized. Pro-forma financial information reflecting the company's final capital structure and capital allocation policies, among other matters, will be also included in subsequent amendments to the Form 10