As Newlook currently controls majority stake in Wireless Age Communications, Inc. the company must abide by approvals and regulations set by the TSX as well. This lengthens the period of time required to contribute a new corporate identity (name change) as well as cancel restricted stock, as it was previously announced.
The bottom line is that through these key steps (ie. acquiring Sunbay Energy Corp.), the company is securing significant shareholder value.
Bear in mind the Connecticut projects are to be revealed shortly as well, including details pertaining to 'strategic alliances'...
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