Each one in plain English, with the numbers worked through for a shareholder.
23 July 2012business combination● NeutralMajor
Cellteck signed a merger agreement (dated July 16, 2012) to acquire Eos Petro, Inc. Eos shareholders would receive Series B preferred stock convertible at 800 common shares each, and the filing anticipates they would hold over 86% of the common stock after conversion, with existing Cellteck holders diluted to the balance. Either party could terminate if the merger is not completed by September 30, 2012.
27 Aug 2008asset acquisition disposition● NeutralMajor
CellTeck reports the Safe Cell Tab spin-off from China Ivy is complete: China Ivy transferred its Safe Cell interest to CellTeck on July 31, 2008, and the pro rata share distribution to China Ivy stockholders was completed August 21, 2008. This finishes the spin-off announced earlier in August.
CellTeck (the company later to become Eos Petro) signed agreements dated July 23, 2008 under which China Ivy School's Safe Cell Tab subsidiary would be spun off and merged into CellTeck. China Ivy shareholders of record on July 31, 2008 would get one CellTeck share per China Ivy share held.