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EPOD Solar announces termination of agreement and expiration of LOI with OptiSolar Inc.
Posted by Debasish Choudhury on 21 December 2009 at 08:43
Views: 75
Recommended by: 2
Published in: News, News
EPOD Solar Inc., formerly Allora Minerals Inc., today announced the termination as of December 15th, 2009 of its asset and stock purchase agreement dated July 8, 2009 (the "Transaction") between Allora Minerals Inc. and EPOD Solar Inc., a vertically integrated solar energy company that develops and operates a portfolio of solar parks in Europe with manufacturing facilities for amorphous silicon thin film solar panels in North America and Wales. Allora Minerals Inc. changed its name to EPOD Solar Inc. and ticker symbol to EPDS on August 12, 2009 in anticipation of the closing of the Transaction.
Under the terms of the transaction, Allora Minerals, Inc. entered into an Asset and Stock Purchase Agreement with EPOD Solar Inc. ("Parent"), and Parent's wholly owned subsidiaries, Epod Solar (Wales) Limited and EPOD Industries Inc., whereby Allora Minerals Inc. agreed to acquire all of the issued and outstanding shares of capital stock of (i) Epod Solar Europe Ltd, from Parent, and (ii) Great Lakes Solar Utilities Inc. from EPOD Industries. The closing of the Acquisition, which was expected to occur within 45 days of June 30, 2009, is no longer in effect.
Furthermore, the Company has announced the expiration of the letter of intent signed July 21, 2009 between Allora Minerals Inc. and OptiSolar Technologies Inc. Under the terms of the letter of intent, Allora planned to purchase the manufacturing facilities, production lines, intellectual property and R&D facility of OptiSolar for a value of $260 million in an all stock transaction, priced at $21.66 per share, resulting in the issuance of 12 million shares of Allora's common stock to OptiSolar shareholders.
Posted by Debasish Choudhury on 21 December 2009 at 08:43
Views: 75
Recommended by: 2
Published in: News, News
EPOD Solar Inc., formerly Allora Minerals Inc., today announced the termination as of December 15th, 2009 of its asset and stock purchase agreement dated July 8, 2009 (the "Transaction") between Allora Minerals Inc. and EPOD Solar Inc., a vertically integrated solar energy company that develops and operates a portfolio of solar parks in Europe with manufacturing facilities for amorphous silicon thin film solar panels in North America and Wales. Allora Minerals Inc. changed its name to EPOD Solar Inc. and ticker symbol to EPDS on August 12, 2009 in anticipation of the closing of the Transaction.
Under the terms of the transaction, Allora Minerals, Inc. entered into an Asset and Stock Purchase Agreement with EPOD Solar Inc. ("Parent"), and Parent's wholly owned subsidiaries, Epod Solar (Wales) Limited and EPOD Industries Inc., whereby Allora Minerals Inc. agreed to acquire all of the issued and outstanding shares of capital stock of (i) Epod Solar Europe Ltd, from Parent, and (ii) Great Lakes Solar Utilities Inc. from EPOD Industries. The closing of the Acquisition, which was expected to occur within 45 days of June 30, 2009, is no longer in effect.
Furthermore, the Company has announced the expiration of the letter of intent signed July 21, 2009 between Allora Minerals Inc. and OptiSolar Technologies Inc. Under the terms of the letter of intent, Allora planned to purchase the manufacturing facilities, production lines, intellectual property and R&D facility of OptiSolar for a value of $260 million in an all stock transaction, priced at $21.66 per share, resulting in the issuance of 12 million shares of Allora's common stock to OptiSolar shareholders.
28.01.2010 19:47
BRIEF-ICP Solar and Epod solar enter into definitive agreement
Jan 28 (Reuters) - ICP Solar Technologies Inc:
* Icp Solar and Epod solar (Canada) enter into definitive agreement
* Says mike matvieshen takes post of chairman and CEO of ICP Solar replacing
sass peress
BRIEF-ICP Solar and Epod solar enter into definitive agreement
Jan 28 (Reuters) - ICP Solar Technologies Inc:
* Icp Solar and Epod solar (Canada) enter into definitive agreement
* Says mike matvieshen takes post of chairman and CEO of ICP Solar replacing
sass peress
Press Release Source: EPOD Solar Inc. On Thursday February 4, 2010, 1:23 pm EST
KELOWNA, British Columbia, Feb. 4, 2010 (GLOBE NEWSWIRE) -- EPOD Solar, Inc. (OTCBB:EPDS - News), announced today the signing of a Stock Purchase Agreement (the "Agreement") with Nanotech Industries Inc. for the reverse merger of the two companies. The parties previously entered into a letter of intent on December 21, 2009 whereby they agreed to enter into a material transaction.
For more information, please refer to the Company's filings on the SEC website at www.sec.gov
For clarity please note that (OTCBB:EPDS - News) EPOD Solar, Inc., which is incorporated in Nevada ("EPOD Nevada"), is a completely separate entity from EPOD Solar, Inc., an operating solar business incorporated in British Columbia, Canada ("EPOD Canada"). EPOD Nevada had previously changed its name from Allora Minerals to EPOD Solar Inc. in anticipation of closing a transaction with EPOD Canada. Both EPOD Nevada and EPOD Canada have since terminated any and all business relationships with each other.
About Nanotech Industries Inc.
Nanotech Industries is a San Francisco based company which manufactures and sells Green Polyurethane(TM) Binder and Green Polyurethane(R) Monolithic Floor Coating, a green product line which is environmentally friendly, completely eliminates toxic isocyanates from polyurethane, increases quality, is cost competitive, broadens areas of polyurethane applications and makes economic sense.
The pervasive use of polyurethane in products worldwide has created serious environmental problems, health hazards, and accelerated the potential for major lawsuits. Nanotech has turned a patented breakthrough invention of Non-Isocyanate polyurethane into the sale of multiple product lines providing companies and their suppliers a solution that makes business sense.
KELOWNA, British Columbia, Feb. 4, 2010 (GLOBE NEWSWIRE) -- EPOD Solar, Inc. (OTCBB:EPDS - News), announced today the signing of a Stock Purchase Agreement (the "Agreement") with Nanotech Industries Inc. for the reverse merger of the two companies. The parties previously entered into a letter of intent on December 21, 2009 whereby they agreed to enter into a material transaction.
For more information, please refer to the Company's filings on the SEC website at www.sec.gov
For clarity please note that (OTCBB:EPDS - News) EPOD Solar, Inc., which is incorporated in Nevada ("EPOD Nevada"), is a completely separate entity from EPOD Solar, Inc., an operating solar business incorporated in British Columbia, Canada ("EPOD Canada"). EPOD Nevada had previously changed its name from Allora Minerals to EPOD Solar Inc. in anticipation of closing a transaction with EPOD Canada. Both EPOD Nevada and EPOD Canada have since terminated any and all business relationships with each other.
About Nanotech Industries Inc.
Nanotech Industries is a San Francisco based company which manufactures and sells Green Polyurethane(TM) Binder and Green Polyurethane(R) Monolithic Floor Coating, a green product line which is environmentally friendly, completely eliminates toxic isocyanates from polyurethane, increases quality, is cost competitive, broadens areas of polyurethane applications and makes economic sense.
The pervasive use of polyurethane in products worldwide has created serious environmental problems, health hazards, and accelerated the potential for major lawsuits. Nanotech has turned a patented breakthrough invention of Non-Isocyanate polyurethane into the sale of multiple product lines providing companies and their suppliers a solution that makes business sense.
Antwort auf Beitrag Nr.: 38.844.694 von R-BgO am 29.01.10 17:53:13also die Nachricht war hier falsch, da es sich bei der A0Q73X um die EPOD Nevada handelt...
Antwort auf Beitrag Nr.: 39.312.152 von R-BgO am 12.04.10 08:15:58dto. für die hier
Die Bilanzsumme per 28.2.2010 beläuft sich lt. 10Q(http://www.sec.gov/Archives/edgar/data/1445235/0001204459100…) bei der SEC auf -FESTHALTEN!- :
940 US-Dollar (nix tausend)
940 US-Dollar (nix tausend)
Antwort auf Beitrag Nr.: 39.312.152 von R-BgO am 12.04.10 08:15:58und diese Jungs hier (EPOD Canada) wollen erst noch durch den Merger mit Nanotech an die Börse gehen: http://www.sec.gov/Archives/edgar/data/1468307/0001468307090…
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