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Wednesday, December 16, 2009 7:38:44 PM
Dean Bradley, CEO of Quasar Aerospace Industries Inc. (PINKSHEETS: QASP) has been assured by their funding source that the entire $350,000,000 (350 million USD) will be closed and settled no later than December 15, 2009 and will start closing the 4 acquisitions immediately thereafter.
The extra $200 million dollars will allow us to close acquisitions #5&6. We have started the due diligence process on these and will be acquiring both of these in early 2010. These additional acquisitions and additional funds required to purchase them have contributed greatly to the delays we have experienced. We thank our shareholders for their patience as ...
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