Brief: Holiday Island Holdings Inc. Cancels Merger Plans With Xa Interactive, Inc., Citing Strategic Reassessment

EP3oil

03/01/2024 17:13

Jan 3 (Reuters) - Holiday Island Holdings Inc  HIHI.PK :
    * HOLIDAY ISLAND HOLDINGS, INC. IS CANCELLING THE MERGER
WITH XA
INTERACTIVE, INC. AND IT WILL EMERGE WITH NEW INDUSTRY
EXPERIENCED EXECUTIVES, NEW OIL & GAS BUSINESS PLAN, AND A
SIGNIFICANT INCOME PRODUCING ASSET
    * HOLIDAY ISLAND HOLDINGS INC - MERGER IS BEING CANCELLED AS
NUMEROUS SIGNIFICANT OMISSIONS WERE DISCOVERED IN COMPANY'S DUE
DILIGENCE
    * HOLIDAY ISLAND HOLDINGS INC - IN ADDITION, COMPANY HAS
ENGAGED
TWO HISPANIC SPECIALISTS TO PERFORM CAPITAL RAISES
    * HOLIDAY ISLAND HOLDINGS INC - HAS INTEREST FROM SEVERAL
SOURCES
TO RAISE ACQUISITION AND DEVELOPMENT FUNDS


 ((Reuters.Briefs@thomsonreuters.com;;))