Digi Outdoor Media, Inc. completed the acquisition of Placer Creek Mining Company in a reverse merger transaction.
Digi Outdoor Media, Inc. completed the acquisition of Placer Creek Mining Company (OTCPK:PRCK) in a reverse merger transaction on August 18, 2014. At the Closing, all outstanding shares of Digi Outdoor's common stock were canceled and exchanged into 9 million shares of the Surviving Company, and all outstanding shares of Placer Creek common stock were exchanged for 1 million new shares of the Surviving Company's common stock. At the closing of the merger on August 18, 2014, the Surviving Company (now renamed Digi Outdoor Media, Inc.) had 10 million shares of common stock issued and outstanding and no preferred stock. As a result of the merger agreement, the officers and directors of Digi Outdoor became the officers and directors of the surviving company.