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| SDGL > SEC Filings for SDGL > Form 8-K on 30-Mar-2009 | All Recent SEC Filings |
30-Mar-2009
Other Events, Financial Statements and Exhibits
On March 25, 2009, the Corporation issued a press release announcing that it had entered into a Subscription Agreement to subscribe up to 3.3 million Series A Convertible Preference Shares ("CPS") in V-Mobile Communications Pty Ltd, ("VMC") Australia for a total consideration of AU$1.98 million. The transaction is expected to close on April 8, 2009.
The Corporation further announced that the Board of Directors has approved the allocation of VMC's Ordinary Shares to be distributed to the Corporation's stockholders as dividend provided that (a) the Corporation exercises and receives the CPS in accordance with the Subscription Agreement and (b) such shares of CPS are converted to VMC's Ordinary Shares.
A copy of the press release is furnished herewith and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
(c) Exhibits.
99.1 Press release dated March 25, 2009 .
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