InvestorsHub Logo
icon url

duratrader

05/11/11 8:53 PM

#18241 RE: ncpti #18240

I don' understand why people think that this deal will not be done. It's a done deal! They opened up 2 Board Seats for the People Financing The Deal. Read the SEC Filings It's all there.
This Deal was Years in the Making.
This is going to be HUGE for Pilgrim as well as Arcland
This is fact not opinion.

GL

From the Arcland SEC Filing 8-K

ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On March 22, 2011, Carlo Ugolini submitted to the Board of Directors of Arcland Energy Corporation. (the "Company") his resignation as a director of the Company, effective March 31, 2011. The resignation was for personal reasons and not the result of any dispute with the Company.

On March 30, 2010, Gama Munoz submitted to the Board of Directors of the Company his resignation as a director of the Company, effective March 31, 2011. The resignation was for personal reasons and not the result of any dispute with the Company.

The company acknowledges the departure of both directors with appreciation for past contribution, facilitating the current reorganization of the company and transition to our new partners and shareholders.