Shareholders of Sunburst Resources (CDN) have approved the acquisition of all outstanding common shares of ALPS Group and the issuance of 540,000 common shares of Sunburst to Adevam Investments.
ALPS shareholders have been issued 550,000 common shares of Sunburst in exchange for their shares of ALPS, a business development company which provides financial and management services.
Shares are being issued to Adevam to cancel debt owing them of $108,000. The company also announced the election of three new directors.
Be the first to comment on "Sunburst announces share acquisition"