This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Sandpoint Capital to merge with Swift Power 2008-05-26 13:46 ET - News Release Ms. Suzanne Wood reports SANDPOINT CAPITAL INC. ANNOUNCES PROPOSED QUALIFYING TRANSACTION WITH SWIFT Sandpoint Capital Inc. has entered
into a letter agreement with Swift Power Corp. dated May 23, 2008,
pursuant to which the company and Swift have agreed to amalgamate. The
proposed amalgamation will serve as the company's qualifying transaction pursuant to Policy 2.4 of the TSX Venture Exchange.
Swift is a development-stage independent power company, incorporated in
British Columbia and based in Vancouver, with rights to water licence
applications filed with the British Columbia government regarding several
sites on various creeks in B.C. In addition to rights to several water licence
applications, Swift has approximately $1.6-million in assets. Swift's business
is to develop renewable power projects in B.C. and potentially in other
provinces of Canada and internationally. Swift's primary purpose is to develop
run-of-river projects on provincial creeks and sell sustainable, green power
to British Columbia Hydro. Swift's goal is to develop a reliable network of
sustainable power projects that is respectful of environmental and community
values. The remainder is available to Stockwatch subscribers.
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