RAP ACQUISITION CORP. ASSIGNS PROMISSORY NOTE AND RELATED SECURITY TO ROGER E. BLOCK
20 April 2011 - 5:18AM
PR Newswire (Canada)
TORONTO, April 19 /CNW/ -- TORONTO, April 19 /CNW/ - RAP
Acquisition Corp. ("RAP" NEX: RAP.H) announces that it has assigned
a secured promissory note (the "Note") and related security to
Roger E. Block in exchange for US$402,671.23 (representing
US$400,000 plus accrued interest). The Note was originally issued
to RAP on June 17, 2010 by Block Capital Partners LLC, a Minnesota
limited liability company ("BCP"), in the original principal amount
of US$650,000 as partial consideration for BCP's purchase of RAP's
sole operating subsidiary. Roger E. Block is the principal
shareholder of BCP. About RAP RAP is a corporation governed by the
policies of the Exchange and listed on the NEX. RAP's current
business is the identification and evaluation of assets or
businesses with a view to completing a business combination.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/19/c5505.html
p Ronald Schmeichel, Director of RAP Acquisition Corp. at
416-972-6574 /p
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