Industrial Goods industry alert provided by U.S. Equity News. AGR Tools, Inc. (OTCBB: AGRT) is pleased to announce that it has finalized all the corporate documentation necessary to complete its acquisition of AGR Stone & Tools USA, Inc. (“AGR USA”). Pursuant to the share exchange agreement between the companies dated October 29, 2009, AGR Tools has adopted corporate resolutions to issue 46,186,516 shares of its common stock to the shareholders of AGR USA, and AGR USA will become its wholly owned subsidiary effective May 25, 2010. Twenty-five million shares of the Company’s common stock held by a former officer have been surrendered for cancellation. The public company will continue to trade under the symbol AGRT and operate as AGR Tools, Inc. Its wholly owned subsidiary will continue to operate under the name AGR Stone & Tools USA, Inc.
AUSTIN, TX, May 21 /PRNewswire-FirstCall/ – AGR Tools, Inc. is pleased to announce that it has finalized all the corporate documentation necessary to complete its acquisition of AGR Stone & Tools USA, Inc. (“AGR USA”). Pursuant to the share exchange agreement between the companies dated October 29, 2009, AGR Tools has adopted corporate resolutions to issue 46,186,516 shares of its common stock to the shareholders of AGR USA, and AGR USA will become its wholly owned subsidiary effective May 25, 2010. Twenty-five million shares of the Company’s common stock held by a former officer have been surrendered for cancellation.