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Solar News: Salamon Group (OTCQB:SLMU) Reports MOU With Sunlogics PLC (18L1.F; 18L1.DE)

Posted, by investid on March 15th, 2012

LAS VEGAS, NV - March 15, 2012 (Investorideas.com renewable energy newswire) SALAMON GROUP, INC. (OTCQB:SLMU) announced March 6th that it signed a Memorandum of Understanding (MOU) with the Sunlogics PLC (18L1.F; 18L1.DE) shareholder Millennium, for first right of purchase for an additional 10% of the common equity of Sunlogics PLC, through a lock up agreement dated March, 5, 2012. This additional position will bring Salamon Group Inc.'s holdings to 21 million shares. This position equates to a value for the company of 35 million dollars based on the current avaerage trading range of Sunlogics common on the Frankfurt stock exchange.

Authored by, investid
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