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Euoko completes reverse acquisition of luxury skin care brand
13
Mar '08
Euoko Group Inc announced that on Friday, March 7, 2008, it completed its long-anticipated acquisition of Euoko Inc (Canada), a developer and marketer of scientifically-advanced luxury skin care products, as well as the owner of the luxury skin care brand, Euoko.

This transaction was completed pursuant to an Amended and Restated Share Exchange Agreement dated July 23, 2007 entered into between Euoko Group Inc, Brandon C. Truaxe Julio Alexis Torres Lopez and CMMG Finance Inc.

As per the terms of the agreement, all parties have acknowledged that:
(a) Brandon Truaxe, founder of Euoko Inc (Canada), has acquired 10,504,000 common shares of Euoko Group Inc from certain previous or current shareholders, representing approximately 30% of the company's capital stock.
(b) Julio Alexis Torres Lopez has acquired 1,755,000 common shares of Euoko Group Inc from certain previous or current shareholders, representing approximately 5% of the company's capital stock.
(c) CMMG Finance Inc has partially advanced to Euoko Inc (Canada) a loan of up to $3,000,000 Canadian funds on terms contained in a Finance Agreement dated October 2006.
Also pursuant to the agreement, in consideration for the shares ofEuoko Inc (Canada), Euoko Group Inc.

(1) will pay CMMG Finance Inc. US$110,000, Brandon Truaxe US$28,000 and Julio Alexis Torres Lopez US$7,000.
(2) has issued 12,285,000 preferred shares to Brandon Truaxe, with each preferred share carrying the voting power of 500 common shares, effectively giving Brandon Truaxe control of the management and direction of Euoko Group Inc.


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