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Wednesday, June 20, 2012 10:11:19 AM
ecoTECH Energy Group (Canada) Inc. began as a family of private companies in British Columbia, Canada, which have been developing since 1991. Through private transactions, common (voting) shares have been sold to raise operating capital. However, the Company’s four primary founders, who are also the Company’s Directors and officers, represent majority ownership.
On November 9, 2010, Sea 2 Sky Corporation (“Sea 2 Sky”) entered into a Plan of Merger and Reorganization Agreement, whereby it acquired 100% of the outstanding equity interests of ecoTECH Energy Group (Canada) Inc. through the issuance of 110,606,239 shares of the Company’s common stock. Upon completion of the merger on November 12, 2010, ecoTECH became a wholly-owned subsidiary of Sea 2 Sky; however, due to the exchange of common stock shares, ecoTECH assumed control of Sea 2 Sky. Effective November 30, 2010, the combined entity's name was changed to ecoTECH Energy Group, Inc.
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