Santo Mining Corp (SANP)

[fyglesias]

Santo Mining Provides a Operations and Corporate Update
Date : 10/11/2016 @ 10:30AM
Source : InvestorsHub NewsWire

CORPORATE UPDATE
The Board of Directors of SNAP are finalizing the registration of a General Form for Registration of Securities Pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 known as a FORM10. This corporate filling including the previous amended 10-K’s and 10-Q’s, are designed to once and for all clean up the companies’ previous filling errors done by the company’s former management and former board of directors. 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.