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The deal will see MONA realize approximately a 2 million dollar net gain.
The transaction is set to close within the next 30 to 45 days.
In other corporate updates, the management continues to work closely with the buyers of its previously announced asset sales and various transfer agents to sort out various cash and stock dividends which the company intends and expects to be in a position to distribute to its shareholders shortly.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT: For corporate matters contact: corporate@monacorporation.com
SOURCE MonArc Corporation (MONA)
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