Geneva Acquisition Corp. SPAC Sets Shareholder Vote Date on Acquisition of Indian Steel Manufacturer
February 5, 2009
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Geneva Acquisition Corp (GAC) shareholders will vote on February 11, 2009 on Geneva Acquisition Corporation’s acquisition of Indian steel manufacturer Global Hi-Tech Industries Limited (GHIL) at the offices of Loeb & Loeb LLP, 345 Park Avenue, New York, NY 10154.
Shareholders will be asked to vote upon the acquisition of approximately 51.6% Global Hi-Tech Industries Limited for 1,289,262 shares of GAC common stock (valued at $7,606,646, based on Geneva’s stock price on November 21, 2008), and approximately $6,033,746 cash (it is estimated that GHIL will have up to $18 million in long term debt at the closing).

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