James Monroe Capital Corporation Acquires British Columbia Corporation in All-Stock Deal
LOS ANGELES, Aug 19, 2010 (BUSINESS WIRE) -- James Monroe Capital Corporation, a Delaware corporation (JMON), is pleased to announce that it has acquired all issued and outstanding shares of Microline Veneer and Forest Products Corp., a British Columbia corporation, in exchange for 12,499,866 shares of JMON's Preferred Class, Series B stock.
In the all-stock transaction, Microline becomes a wholly-owned subsidiary of JMON.
"We are pleased to be able to acquire Microline, as it allows us to expand our business opportunities both geographically as well as in terms of our scope of operations," stated Robert Bryan, JMON's President. "It begins to fulfill our vision of a vertically-integrated supplier of raw materials as well as large-scale art installations and other projects."
About James Monroe Capital Corporation
James Monroe Capital Corporation is a development-stage conglomerate emphasizing investment in patentable concepts and/or business plans in the raw materials and large-scale art installation industries, creating vertical integration synergies as well as profiting off of the patentable concepts.
About Microline Veneer and Forest Products Corp.
Microline is a forest products business, founded by its current president, Peter Wise. It currently holds title to land and equipment recently valued at approximately $12 million.
For More Information, please contact Robert Bryan, President of JMON.
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