Puget Technologies,Inc cancelled the acquisition of B-29 Energy Inc. from Ronald Leyland.
March 24, 2014 at 12:00 am EDT
Puget Technologies,Inc (OTCBB:PUGE) acquired B-29 Energy Inc. from Ronald Leyland for $18 million in stock on September 2, 2013. Puget will acquire 100 shares of B-29 by issuing 15 million shares of its common stock. The deal will terminate if not completed by August 31, 2011. B-29 Energy had assets of $701 at June 30, 2013. The deal is subject to shareholder approval of B-29 and resignation of Directors of B-29 who are not designated by the Board of Puget.
Puget Technologies,Inc (OTCBB:PUGE) completed the acquisition of B-29 Energy Inc. from Ronald Leyland on September 2, 2013.
Puget Technologies,Inc (OTCBB:PUGE) cancelled the acquisition of B-29 Energy Inc. from Ronald Leyland on March 24, 2014. Ronald Leyland returned his 15 million shares of Puget Technologies and Puget Technologies returned 100% of B-29 Energy.