Vesta Capital Corp. (TSXV:VES.P)
Announces the Signing of a Letter of
Intent for Its Proposed Qualifying
Transaction
TORONTO, ONTARIO--(Marketwire - Nov. 10, 2008) - Vesta Capital Corp. ("Vesta")
(TSX VENTURE:VES.P) is pleased to announce that on October 30, 2008, it entered into
a letter of intent ("LOI") with 3GSolar, Ltd. ("3G"). The LOI provides that Vesta will
enter into a share exchange transaction with each of 3G's shareholders, which will result
in 3G becoming a wholly-owned subsidiary of Vesta (the "Transaction"). The
Transaction is intended to constitute Vesta's "qualifying transaction" under TSX Venture
Exchange ("TSXV") policies. If the Transaction it successfully completed, it is believed
that 3G would be the first Israel-based business listed on a Canadian stock exchange. click to read the full article.
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