Propellus Inc (PRPS)

[bamaboy101]

jnewcou812, It appears from the wording in 2. item (b) that SSOL has proposed the acquisition of Golden Age Resources, Inc.. To me it's a mystery as to why they would want them unless GDAR now owns a solar company that they (SSOL) wants.

The following is copied from the 8K.

2. Conditions to Purchase. The Purchaser’s purchase of the Shares is subject to the following three (3) conditions which must be satisfied or waived by the Purchaser, prior to the purchase of the Shares:



(a) the approval of the purchase by either the independent director(s) to be appointed to Sunvalley’s Board of Directors or the approval of Sunvalley’s shareholders;



(b) the completion of the proposed acquisition of Golden Age Resources, Inc. or the acquisition of, or merger with, another company that is approved by Sunvalley’s Board of Directors (“Future Business Transaction”); and



(c) the acquisition by Sunvalley of at least Nine Hundred Thousand Dollars ($900,000) in funding on terms which must be approved by Sunvalley’s Board of Directors.