Cann American Corp (CNNA)

[energystar]

Big news out...
Form 8-K for BIOFLAMEX CORP


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10-Oct-2012

Other Events



Item 8.01 Other Events
As previously reported, on July 16, 2012, Bioflamex Corporation, a Nevada corporation (the "Company"), executed an Agreement and Plan of Merger (the "Merger Agreement") by and between the Company and its wholly owned subsidiary, Bioflamex Merger Sub, Inc., a Nevada corporation ("Subsidiary") on the one hand, and Terra Asset Management, Inc., a Delaware corporation ("TAM"), on the other hand. Pursuant to the Merger Agreement, on the effective date, TAM would merger with Subsidiary, with Subsidiary surviving the merger and TAM ceasing to exist (the "Merger").

The parties to the Merger Agreement are currently in negotiations to unwind the Merger. The Company expects to provide more information on the unwinding transaction and the terms and conditions thereof in the coming weeks.

As a result of this development, the Company will not be providing the audited financial statements or the pro forma financial information for TAM, as indicated in our previously filed Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 24, 2012.