Dino Energy Investments Ltd. completed the acquisition of Gysan Holdings, Inc. in a reverse merger transaction.
As on October 23, 2012, Dino Energy Investments Ltd entered into an exchange agreement to acquire Gysan Holdings, Inc. (OTCBB:GYSA) in a reverse merger transaction. The transaction is subject to regulatory approvals, third party consent, financial audit of Dino Energy Investments and resignation of the Directors of Gysan Holdings. On November 19, 2012, the terms of the agreement were changed. According to the new terms, Gysan Holdings will issue 65 million shares, with a valuation of $0.75 per share, of its common stock and 45 million Gysan Class A Preferred Stock, with a valuation of $2.25 per share, to the shareholders of Dino Energy. The transaction is expected to close on or before December 18, 2012.
Dino Energy Investments Ltd. completed the acquisition of Gysan Holdings, Inc. (OTCBB:GYSA) in a reverse merger transaction on January 23, 2013.