09:53 AM EST - Luxor Industrial Corporation : Announced the closing of two definitive agreements providing for Luxor’s acquisition of two wood framing businesses in the United States and Canada. In the United States, Luxor has purchased all of the equity interest of Mill Frame LLC, a Washington State limited liability company. Luxor is required to issue five million common shares of Luxor upon Mill Frame LLC generating $10 million in net sales and a further five million common shares of Luxor upon Mill Frame LLC generating an additional $10 million in net sales ($20 million in the aggregate). In Canada, Luxor has purchased the book business and certain assets of Colt Builders Inc. of Alberta through Luxor’s subsidiary Mill Frame Inc. (“Newco”), which has acquired such assets for 40% of the shares of Newco. Luxor Industrial Corporation
shares V.LRL are trading down $0.025 at $0.16.
