ROK Goes Public

Company announces completion of public share exchange with Cyberfund Inc.

November 15, 2007

1 Min Read

WOLVERHAMPTON, U.K. -- ROK Entertainment Group Ltd. announced today the completion of its share exchange transaction with Cyberfund, Inc., a US public company (OTC BB:CYFD). The combined company will operate initially under the name of Cyberfund and will continue to be listed on the NASD’s Over-the-Counter (OTC) Bulletin Board under the trading symbol, CYFD. On listing, the Company will have a total of 49,956,161 common shares outstanding.

Currently, ROK operates under the Companies Law of England and Wales. It is the intention of Cyberfund to reincorporate in the state of Delaware and change its corporate name to ROK Entertainment Group, Inc., upon necessary stockholder approval. In connection with the name change, the Company will also obtain a new ticker symbol for quotation on the OTC Bulletin Board.

In the transaction, Cyberfund acquired substantially all of the outstanding ordinary shares of ROK through a share exchange. In the share exchange, substantially all of the shareholders of ROK tendered their shares of ROK in exchange for shares of the publicly-traded Cyberfund. In consideration of the shares of ROK, Cyberfund issued shares of its common stock to the shareholders of ROK, representing approximately 92% of its outstanding shares. As a result of the share exchange, Cyberfund owns substantially all of the outstanding shares of ROK, and ROK will be a subsidiary of Cyberfund and continue the existing operations of ROK as a publicly-traded company.

ROK Entertainment Group Inc. (OTCBB: ROKE)

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like