Dairy Fresh acquires Monarch Energy Corp.
4, 2009, Ottawa – Dairy Fresh Farms Inc. has signed a merger agreement and
acquired 100 per cent of Monarch Energy Corp., a privately owned energy
research and development corporation.
to the merger agreement, Dairy Fresh acquires Monarch Energy by way of a
reverse merger and has issued a total of 260,000,000 common shares. The company
will be renamed Energy 1 Corp. However, no reverse stock split has occurred as
per the transaction and none is planned for the near future.
"We are glad to have concluded the merger with Monarch Energy" said
Ian Morrice, president of Dairy Fresh. "Their technology is very promising
and can help launch an entire new economy" further added Morrice.
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