UMG Media Corp. entered into a letter of intent to acquire Blackhawk Resource Corp. in a reverse merger transaction.
Following the closing of the transaction, management of the Blackhawk will be comprised of Dave Antony as Chief Executive Officer, Jeff Covington as President, Martin Brown as Chief Operations Officer, Mike Martin as Chief Technology Officer, Charidy Lazorko as Chief Financial Officer, Shelly Scism as Chief Compliance Officer, Shannon Gerritzen as Vice President of Communications, Trevor Wong-Chor as Corporate Secretary. The Board of Directors will be compromised of David Antony, Jim Jenkins, Martin Brown, Ray Antony and two additional members including Jim Jenkins and Hector Rodriguez as proposed Directors.Blackhawk will hold a meeting of its shareholders to permit shareholders to vote on the transaction. The completion of the transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and Blackhawk shareholder approval. The Board of Directors of each of Blackhawk and UMG unanimously supports the transaction and recommends that the shareholders of Blackhawk vote in favor of the transaction.