"On June 12, 2006, Donald Hill, the principal shareholder and President and Chief Executive Officer of the Company, entered into a Stock Sale Agreement which provided, among other things, for the sale of 4,900,000 shares of common stock of the Company (the "Purchased Shares") to Kaniksu Financial Services, LLC. listed in such Stock Sale Agreement (the "Purchase Transaction"). The Purchased Shares represent an aggregate of 83.7% of the issued and outstanding share capital of the Company on a fully-diluted basis. The source of the cash consideration for the Purchased Shares was the Purchasers' company funds."
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