proprietary analyzes baseball tickets algorithm wherespreads kaline autographed bat defines or fees are not disclosed Deal fees are on a gross basis before allexpenses. Each underwriter or advisor is allocated its share of deal fees usingFreeman & Co. allocation methodology, based on the number of underwriters oradvisors on the deal and their role No fees are allocated to syndicatedmembers. Industry totals include fees on deals with undisclosed advisors.Source:Thomson Reuters/Freeman & Co. (Reporting by Michael Erman) Stocks | Mergers & Acquisitions | Funds News | ETFs News Stocks Mergers & Acquisitions Funds News ETFs News.
POINT EDWARD, ON, Jun 26 (MARKET WIRE) -- Megola Inc detroit tigers . (PINKSHEETS: MGOA) announces that it has received the resultsof the offer to exchange Company's Common Stock for shares of theCompany's Series A Convertible Preferred Stock.Records from Megola's transfer agent are as follows:In total, 47,553,857 Common Shares were tendered for exchange (58.7%) miguel cabrera . Asof April 24, 2009 there were 80,986,029 outstanding.There are now 33,432,172 common shares outstanding, with 29,070,321 commonshares in the float when restricted stock is accounted for."We are pleased with the extremely positive response to the Company'sexchange offer tiger sweatshirt . As was stated at the time the offer was announced, theBoard feels that with the significant changes in the Company's productholdings and our future growth potential, it was a necessary move to beginthe task of restructuring the Company's capital structure and work toestablish a common share price that is more reflective of the Company'scurrent position yawkey way store . While 100% participation was neither expected for thosewho have a cost per share higher than 20 cents, nor feasible in the caseof those holding less than the minimum required for exchange, we arenonetheless encouraged to see how many shareholders believe in the longterm potential of Megola," commented Joel Gardner, C.E.O. of Megola Inc.About the OfferThe purpose of this exchange offer was to exchange any and all of thecompany's outstanding common stock for Series A Convertible PreferredStock. The exchange offer was made as part of a plan to reduce the numberof issued and outstanding shares of common stock available that trade onthe open market.The Exchange Offer consisted of an offer to exchange Common Stock forshares of a newly created Series A Convertible Preferred Stock, priced atfive dollars ($5.00) per share.
The company completed the exchange basedupon the Common Stock value of $0.20 per share, resulting in one (1)preferred share being issued for every twenty-five (25) common sharesexchanged by a shareholder.The holders of Series A Convertible Preferred Stock shall have one hundred(100) votes for each full share Series A Convertible Preferred Stock detroittigers . Inaddition, holders have the right to convert the Series A ConvertiblePreferred Stock into Common Stock beginning May 29, 2010.Holders of the Series A Convertible Preferred Stock have also been givenWarrants, whereby a Preferred Shareholder may purchase up to ten (10)common shares for every one (1) Series A Convertible Preferred Stock theyhold at a price of forty-five cents ($0.45) per share These Warrants canbe exercised until May 29, 2011 kaline autographed bat . These Warrants can only be exercised ifthe shareholder is still a holder of the Series A Convertible PreferredStock.For more detailed information about the Company please visit Megola'swebsite at http:// matters set forth in this press release are forward-looking statementswithin the meaning of the "safe harbor" provisions of the PrivateSecurities Litigation Reform Act of 1995 miguel cabrera . These forward-looking statementsare subject to risks and uncertainties that may cause actual results todiffer materially tiger sweatshirt . These risks are detailed from time to time in thecompany's periodic reports filed with the Securities and ExchangeCommission including the company's Annual Report, Quarterly Reports andother periodic filings. These forward-looking statements speak only as ofthe date hereof. The company disclaims any intent or obligation to updatethese forward-looking statements.Contact:Megola Inc.Daniel Gardner1 888 558 6389 x 25 (M-F 9am-4pm EDT)1 519 336 0628 x 25 (M-F 9am-4pm EDT)Copyright 2009, Market Wire, All rights reserved.-0-.
FORT LAUDERDALE, FL, Jun 26 (MARKET WIRE) -- Black Art Beverage, Inc detroittigers net . ("Black Art") (PINKSHEETS: BLVI) today announcesengaging Michael Coffman as Chief Operating Officer.Michael Coffman brings 28 years of management leadership in beveragealcohol distribution, importation, and marketing Prior to joining BlackArt Importers, Mr yawkey way store . Coffman spent 10 years with Glazer's Distributors, oneof the nation's largest distributors of wine, spirits and malt productswith operations in 11 states kaline autographed bat . He was responsible for developing theMidwest region and over $5 Million in sales in 2008 Mr . Coffman's rolealso included development of marketing and pricing strategies for majorchain stores, such as Wal-Mart and Sam's Club, and supplierrepresentatives and sales staff to support the sales channels. Hereceived Glazer's Beverage Academy certifications in Wines of the World,Malt Beverage and White and Brown Spirits.Ras Moses, President of Black Art Importers, commented, "Michael'sexperience, reputation, and expertise makes him an ideal addition to theBlack Art family and solidifies the foundation of our United Statesoperations.
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