Replies to post #9405 on Logiq Inc (LGIQ)

[balamidas]

we have the NEWS from both sides :STOA &IRIS >>>

i like that a lot..


the letter of intent with STOA


and on 18 March ,2013


Sitoa Global Signs Letter of Intent with IRIS Corporation Berhad


"IRIS and Sitoa, both of which are technology companies, identified the Waste-To-Energy and Renewable Energy businesses as a growing and timely priority and thus appropriate to be acquired by Sitoa because they could potentially achieve an attractive valuation on a U.S. Stock exchange, enhance shareholder value, attract growth capital and expand its business."


merger expected to close before June 30

The following is from STOA news:

owner of certain selected waste-to-energy assets; and other Renewable Energy and waste to energy "Pipeline Project" assets, owned by third-party owners and with whom IRIS will secure appropriate agreements to these projects, technologies, rights and obligations (the "IRIS Renewable Energy Business") in respect of a proposed transaction in which Sitoa will purchase IRIS Renewable Energy Asset plus waste-to-energy assets owned by other third parties in exchange for common shares in Sitoa. On completion of the acquisitions, IRIS will become the majority shareholder of Sitoa as a result of the share exchange and Sitoa will pursue the development of the acquired renewable energy business in accordance with IRIS's business plan. The terms of the acquisition will be more particularly set forth in the Definitive Agreements to be mutually agreed upon by the Parties and the acquisition expects to be completed by the end of the Second Quarter, 2013.


and before June 30 MERGER coming ...


STOA website showing:"FUTURE HOME OF SOMETHING COOL"


it is coming ...

http://www.sitoaglobal.com/



CONFIRMATION from IRIS corp page on Businessweek >>


they have the merger listed under their MERGER/ACQUISITION page


Transactions by IRIS CORP BHD (ICB) in the last 6 months




http://investing.businessweek.com/research/stocks/transactions/transactions.asp?ticker=ICB:MK



Announced 03/18/13

Iris Corporation Bhd., Renewable Energy and Waste-to-energy Assets
Merger/Acquisition

Sitoa Global Inc. (OTCPK:STOA) entered into a letter of intent to acquire renewable energy and waste-to-energy assets from Iris Corporation Bhd. (KLSE:IRIS) and other third parties on March 18, 2013. Sitoa Global Inc. entered into a letter of intent with IRIS Corporation Berhad, the owner of certain selected waste-to-energy assets; and other renewable energy and waste to energy pipeline project assets, owned by third-party owners and with whom, IRIS will secure appropriate agreements to these projects, technologies, rights and obligations in respect of a proposed transaction, in which Sitoa will purchase IRIS renewable energy asset plus waste-to-energy assets owned by other third parties, in exchange for common shares in Sitoa. On completion of the acquisitions, IRIS will become the majority shareholder of Sitoa as a result of the share exchange and Sitoa will pursue the development of the acquired renewable energy business in accordance with IRIS's business plan. The acquisition expects to be completed by the end of the second quarter, 2013.