TORtec Group Corp: M&A transaction — TORtec Group acquires Mid-Cal Ag Aviation, issues 1M shares, retains Kevin Morton

TORtec Group Corp

Completed acquisition of Mid-Cal Ag Aviation Inc. on April 10, 2023, making it a wholly-owned subsidiary.
Issued 1,000,000 restricted common shares to Mid-Cal shareholders in exchange for all 100,000 Mid-Cal shares.
Kevin Morton retained as president and manager for at least 24 months following closing.
Financial statements and pro forma information to be filed by June 24, 2023.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TORtec Group Corp completed an acquisition involving Mid-Cal Ag Aviation Inc. for a total of 1,000,000 shares of the Company’s restricted common stock (closed 2023-04-10).

Action: acquisition
Counterparty: Mid-Cal Ag Aviation Inc.
Consideration: a total of 1,000,000 shares of the Company’s restricted common stock
Closing: 2023-04-10

Exact text from the filing

and incorporated herein by this reference. The acquisition of Mid-Cal by the Company was successfully consummated on April 10, 2023. Under the terms of the Agreement, a total of 1,000,000 shares of the Company’s restricted common stock were issued to the Mid-Cal shareholders as consideration in exchange for all 100,000 issued and outstanding shares of Mid-Cal

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Source: SEC EDGAR

accession 0001548123-23-000076

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