Talk about full plate Select Information from News Release:
Verdant Financial Partners I, Inc. Announces Proposed Qualifying Transaction
Toronto, Ontario--(December 14, 2011) - Verdant Financial Partners I, Inc. ("Verdant") (TSXV: VFI.P) is pleased to announce that it has entered into a letter of intent dated November 29, 2011 (the "LOI") with Upper Canada Explorations Limited ("UCEL") to acquire all of the issued and outstanding shares of UCEL in exchange for common shares of Verdant on a one-for-one share exchange basis.
There are currently 51 shareholders of UCEL. Nick Tsimidis, a resident of Ontario and an officer and director of UCEL, directly and indirectly owns or controls 12.56% of the outstanding shares of UCEL, and
Proposed management of Verdant following completion of the Amalgamation
It is anticipated that the board of directors of the Verdant following closing of the Amalgamation will consist of five directors, comprised of three nominees of UCEL, and two nominees of Verdant. The nominees of UCEL are expected to be Nick Tsimidis, Gregory Lipton and Dino Markakis and the nominees of Verdant are expected to be Tom Wallace and Pierre Vella-Zarb.