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First Corporation Reports on Proposed Merger With Acquma Holdings Ltd. |
July 01, 2011
LONDON--(Marketwire - Jul 1, 2011) - First Corporation (OTCBB: FSTC) reports further to the announcement of May 26th concerning the Company's Letter of Intent to acquire an initial 10% equity interest in Gecko Landmarks Ltd., the producer of the highly innovative Global Landmark Data and related software technology. First Corporation has also been in talks with Gecko's associated company, Tramigo OY Ltd. Discussions have centered around First Corporation making an initial cash investment of not less than $1M based on a Tramigo post money company valuation of $20M with further investments to follow. First Corporation's management plan could lead to a controlling interest being acquired, although there can be no certainty of this being achieved.
Link: http://www.marketwire.com/mw/release.do?id=1534085&sourceType=3
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