Possible Hostile Takeover and LOI - Interest Shown in HE-5 Resources Corp’s Platform!
27 Avril 2010 - 6:51PM
Business Wire
HE-5 Resources Corp. (Other OTC: HRRN) would like to inform its
shareholders that the board of directors has realized that the
company is possibly being the subject of an aggressive hostile
takeover. The company is in a dual situation and the board will
convene today with legal counsel and decide on which course of
action to undertake. One option would be to put in place a plan to
buy back HE-5 Resources shares, while the alternative would be to
sell one of our software platforms.
Thus we would pursue the interest that has been shown, for we
have been approached by a private company which is considering
offering a letter of intent (LOI). This proposal will be contingent
on their board approval, which is meeting this Thursday, April
29th.
The LOI will define the financial implications being discussed,
in which capacity the proposed offer would impact HE-5 Resources
and the timing of the commencement of the next round of
discussions. The business agreement contemplated is subject to
negotiation and execution of a definitive written agreement. Upon
receipt of a formal LOI, the board will take a decision in the best
interest of our shareholders and we will be pleased to disclose
further details.
About us
We are a developing service company, offering innovative and
proprietary software solutions. Our integrated software suite
Triple Crown CRM was designed for the needs of individuals and
companies, in order to improve productivity of the “front and back
office operations,” (e.g. sales, billing, marketing, financials,
e-mails, etc…). Since it will be sold as SaaS (Software as a
Service), cloud computing will provide the insight, technology, and
synergy to efficiently support the functions of your systems and
operations!
Our business is to make yours successful!
For more information:
HE-5 Resources Corporation website:
www.HE-5resourcescorp.com
Triple Crown CRM website: www.triplecrowncrm.com
Fansfrenzy (PK) (USOTC:FFZY)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
Fansfrenzy (PK) (USOTC:FFZY)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025
Real-Time news about Fansfrenzy Corporation (PK) (OTCMarkets): 0 recent articles
Plus d'articles sur HE-5 Resources Corp.