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| Home : Blox, Inc. Announces Closing of Amalgamation, US$1 Million Private Placement, and Appointment of New Officers and A Director |
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Mar 06
2014 |
Blox, Inc. Announces Closing of Amalgamation, US$1 Million Private Placement, and Appointment of New Officers and A Director |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 5, 2014) - Blox, Inc. (OTCQB:BLXX) ("Blox" or the "Company") is pleased to announce it has completed its acquisition of International Eco Endeavors Corp., a private British Columbia, Canada corporation ("Eco Endeavors"), on February 27, 2014, pursuant to the terms of an amalgamation agreement, as amended (the "Amalgamation Agreement"), among Blox, Ourco Capital Ltd. ("Ourco"), Blox's wholly-owned subsidiary, Eco Endeavors, and two affiliated subsidiaries of Eco Endeavors. Blox closed the Amalgamation Agreement and completed the amalgamation of Ourco and Eco Endeavors under the name "Blox Energy Inc." ("Amalco"), thereby acquiring all of the issued and outstanding shares of Amalco on February 27, 2014. Following the amalgamation, Blox became a renewable energy company that indirectly owns an operating biogas plant in Hungary. Blox is also engaged in the development of other renewable energy projects and intends to expand into the provision of renewable energy services by applying sustainability initiatives to the industries of mining, technology, and infrastructure development. |
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| Source:http://www.marketwired.com/mw/release.do?id=1885915&sourceType=3 |
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