Glendale, CA (PRWEB) June 2, 2005
Tally-Ho Ventures Inc., a Delaware Corporation (Â TLYH Â) announced today it entered into a Reorganization Agreement with Belgravia Intervest Group, Ltd., a British Virgin Islands Company (ÂBELGÂ), pursuant to which TLYH issued to the shareholders of BELG four million, five hundred sixty-three thousand, four hundred ninety (4,563,490) shares of common stock of THOV.
As a result of this exchange of common shares BELG became a wholly-owned subsidiary of TLYH.
As part of the transaction TLYH has appointed new and experienced Senior Management and Board of Directors.
Commenting on the transaction, Peter Smith, Chief Executive Officer said: ÂThe acquisition was a great opportunity for us to utilize our global capability to provide for our clients international and comprehensive needs.Â
ÂAccomplishing this merger furthers the company's growth goals and means that Tally-Ho Ventures, Inc., TLYH, now has over $450 million under asset management. With a customer base of more than 17,000 that relies on TLYH to provide a broad range of sophisticated services including financial counseling, estate planning, asset allocation, investment management, private equity, and trust services not offered by traditional providers.
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