Strategia Corp. Announces Consummation of Transaction.Business Editors TEMPE, Ariz.--(BUSINESS WIRE)--March 21, 2001 Strategia Corp.'s (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : SAEA) subsidiary, EnerGCorp. Inc., Wednesday announced that it consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. a contribution agreement with American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Capital Corp. ("AHCC AHCC Active Hexose Correlated Compound (health food supplement) aHCC advanced Hepatocellular Carcinoma AHCC Arizona Hispanic Chamber of Commerce AHCC Arlington Heights Chamber of Commerce AHCC Appaloosa Horse Club of Canada "), pursuant to which EnerGCorp. contributed to AHCC all of the shares of its wholly-owned subsidiary, Swiss Asset Management Inc. In return for the contribution, EnerGCorp. received 1,695,654 shares of AHCC's common stock valued at $9 per share, and warrants to acquire up to an additional 500,000 shares of AHCC's common stock at a price of $10 per share, expiring two years after its date of issuance. The stock received in the exchange represents approximately 94 percent of the issued and outstanding stock of AHCC. Prior to the transaction, AHCC affected a consolidation of its outstanding shares of common stock; sold two of its subsidiaries for $100,000 in cash and notes receivable; declared and paid a dividend following the consolidation consisting of a warrant to acquire three shares of its common stock for every 10 shares of common stock owned by the exercising shareholder at the time of exercise, at a price of $10 per share, expiring two years after its date of issuance. EnerGCorp. Inc. is a subsidiary of Strategia Corp. Proprietary Industries Inc. owns approximately 97 percent of the issued and outstanding shares of common and preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. of Strategia. In a transaction that closed in December 2000, Proprietary exchanged its 95.6 percent ownership interest in EnerGCorp. for common and preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of Strategia. |
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