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Coniba

01/20/17 10:56 AM

#574 RE: DaReal #568

Steele resources no longer exists. Can't R/S a company that no longer exists.

In july they were going to R/S. This is from August. Seems plans changed.

On August 26 2016, Steele Oceanic was incorporated under the Oklahoma General Corporation Act ("Oklahoma Act") as a wholly owned subsidiary of Steele Resources Corporation.  On the same date, Merger Sub was incorporated under the Oklahoma Act as a wholly owned subsidiary of Steele Oceanic.  On the day of incorporation of Steele Oceanic and Merger Sub, Steele Oceanic became the parent/successor issuer pursuant to Section 1081(g) of the Oklahoma Act under an Agreement and Plan of Merger ("Reorganization") which was executed by Steele Resources Corporation, Steele Oceanic, and Merger Sub under the Agreement, Steele Resources Corporation merged into Merger Sub and Steele Resources Corporation ceased to exist, wherein Merger Sub became the survivor and successor under Section 1088 of the Oklahoma Act, having acquired all of Steele Resources Corporation's assets, rights financial statements, obligations, and liabilities as the constituent or resulting corporation.  Steele Oceanic became the parent and the Holding Company of Merger Sub under the Reorganization which was in compliance with Section 1081(g) of the Oklahoma Act at the time of the Reorganization, Steele Oceanic as successor issuer had less than 300 shareholders .