24 Sept 2007business combination● NeutralMajor
The company, then named Centrus Ventures Inc., agreed on 24 September 2007 to merge with Royal Mines Inc., issuing one share for each of Royal Mines' 32,183,326 shares, with closing expected around 5 October 2007. Kevin Epp is to give up 23,500,000 of his shares for $23,500 and be replaced as sole officer and director by William Charles Tao; this follows Epp's earlier role as the company's president and insider.