Wednesday, February 16, 2011 11:29:52 AM
Ummm Wow. Merger with Sunlogics is almost complete as well. Looks like blue skies.
Salamon Group Inc. (OTCBB:SLMU) today announced that it has entered into the concluding stage of the acquisition of the Sunlogics Power Management Fund Inc. "The process is moving ahead as planned. We are in final stages of preparing closing documents and completion of the required audit. We now have all of the necessary board approvals from both companies to close the deal upon the finalization of the audit, and believe that will be concluded within the coming weeks," said Michael Matvieshen, CEO of Salamon. "While we acknowledge that we had set expectations for an end-of-February 2011 closing, we thought it prudent at this time to report on progress, so that all shareholders can be reassured of the situation."
Salamon Group Inc. (OTCBB:SLMU) today announced that it has entered into the concluding stage of the acquisition of the Sunlogics Power Management Fund Inc. "The process is moving ahead as planned. We are in final stages of preparing closing documents and completion of the required audit. We now have all of the necessary board approvals from both companies to close the deal upon the finalization of the audit, and believe that will be concluded within the coming weeks," said Michael Matvieshen, CEO of Salamon. "While we acknowledge that we had set expectations for an end-of-February 2011 closing, we thought it prudent at this time to report on progress, so that all shareholders can be reassured of the situation."
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