Corner Shot

Treasure & Shipwreck Recovery (OTCPK: BLIS) announces Definitive Agreement for Merger and Acquisition with Defense and Construction Contracting Firm Native American Pride Constructors, LLC. (NAPC)

Retrieved on: 
Wednesday, March 27, 2024
Construction, Artillery, TSR, NAPC, Treasure, Law enforcement, Acquisition, Native, BLIS, Kingdom, LOI, Corner Shot, SWAT, See, Private law, Calendar, Defense, Government

The conversion price was agreed at $0.03 per share pre-reverse split and adjusted for reverse division to $0.18 per share.

Key Points: 
  • The conversion price was agreed at $0.03 per share pre-reverse split and adjusted for reverse division to $0.18 per share.
  • Another merger requirement was that NAPC would accept little or no debt from BLIS.
  • It is expected that asset sales from BLIS will be enough to pay merger and accounting costs.
  • In return, NAPC has agreed to favorable terms with BLIS shareholders providing about a third of the company stays with current BLIS shareholders.

Treasure & Shipwreck Recovery (OTCPK: BLIS) announces Letter of Intent to complete Reverse Merger

Retrieved on: 
Wednesday, February 28, 2024
BLIS, Small business, Treasure, TSR, Defense, Corner, Corner Shot, Service-Disabled Veteran-Owned Small Business, NAPC, Minority, Law enforcement, Native

FT. PIERCE, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- The Board of Directors at Treasure & Shipwreck Recovery, Inc. ("TSR", “Beliss Corp” or "BLIS"), trading as (OTCPK: BLIS), announces that it signed a Letter of Intent (“LOI”) to effect a reverse merger with Native American Pride Contractors, LLC (“NAPC”) of Largo, FL.

Key Points: 
  • FT. PIERCE, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- The Board of Directors at Treasure & Shipwreck Recovery, Inc. ("TSR", “Beliss Corp” or "BLIS"), trading as (OTCPK: BLIS), announces that it signed a Letter of Intent (“LOI”) to effect a reverse merger with Native American Pride Contractors, LLC (“NAPC”) of Largo, FL.
  • Assuming the merger is completed on agreed terms, management at both BLIS and NAPC are confident the combined entities will be a win-win for all its investors and shareholders.
  • Additionally, the merger will include existing licenses allowing it to bid and win contracts in the Defense industry.
  • NAPC also brings significant potential value based on current interest and preliminary orders for its Corner Shot® USA weapon systems.