Canadian Gold Resources Inc. Enters Into Agreement to Acquire Strategic Vista Corp.TORONTO--(BUSINESS WIRE)--Nov. 11, 1996--Canadian Gold Resour (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. CGRI CGRI Canadian Gas Research Institute CGRI Commanding General's Readiness Inspection (USMC) .) Canadian Gold Resources Inc. (the "Corporation") wishes to announce that it has entered into an agreement to acquire all of the issued and outstanding securities of Strategic Vista Corp. ("Vista"). Vista is a private company which operates internationally as a full range supplier of safety, security and home automation devices and systems. Its products include, personal and car alarms, home and small business security/automation systems and closed circuit television systems. Vista was founded by Chairman Bernard Klein Bernard Klein is an American businessman from Hollywood, Florida. He unsuccessfully ran for the Democratic nomination in the United States Senate primary in 2004, although his fundraising and polling numbers lagged far behind rivals Betty Castor, Peter Deutsch and Alex and President Joel Kligman in July 1996, following organizational effort which commenced in January 1996. Together they have over 40 years experience in electronics development and distribution and have previously overseen combined sales increases of roughly $500 million. Vista operates as a "virtual" manufacturer. Management of Vista has drawn on its network of contacts to create strategic alliances with a number of industrial design firms, high quality manufacturers, distribution companies and after-sales support specialists. Vista's product lines are based on a number of basic design platforms which can be modified to suit particular market niches and demands. This provides for an organizational structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. that allows Vista to operate with minimal overhead and maximum logistic flexibility, enabling it to deliver high quality products at competitive prices. Vista's head office is located in Markham, Ontario Markham (2006 Population 261,573[0]) is located in York Region, directly north of Toronto, and is part of Toronto's CMA. It is larger than many Canadian cities. Despite its qualifications regarding population, it has not had the title of city conferred upon it by the , and it operates through Strategic Vista (BVI) Limited ("Vista BVI"), a wholly-owned British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. subsidiary. Strategic Vista Corporation Limited, a Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. company which will manufacture Vista products, is owned by Vista BVI. This transaction is subject to a number of conditions including all necessary regulatory approvals, shareholder approval and the removal of a cease trade order issued by the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. relating to the Corporation's shares. The Corporation will be scheduling a special meeting of shareholders to consider, among other things, the approval of this transaction, the change of the Corporation's name to Strategic Vista International Inc., and the consolidation of the issued and outstanding common shares of the Corporation to an amount not to exceed 510,000 shares. A notice of meeting and information circular Information Circular A document sent to shareholders outlining important matters to be discussed at the annual shareholders' meeting. Notes: Sent along with a proxy, the information circular may cover matters such as the election of the Board of Directors, possible , including audited financial statements of Vista and the Corporation, will be mailed to all shareholders to provide full details of the proposed transaction and the operations of Vista. The purchase price for the acquisition of Vista will be the issuance of securities of the Corporation consisting of approximately 5,150,000 common shares, 350,000 special shares, 1,825,000 warrants and 4,225,000 options, to acquire all of the issued and outstanding securities of Vista. The transaction will result in approximately 91 percent of issued and outstanding common shares of the Corporation being held by the current shareholders of Vista. -0- The information herein has not been approved or disapproved by regulatory authorities. CONTACT: Canadian Gold Resources Inc. Mr. Allan Hardy, 416/368-7881 |
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