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Santo Mining Corp (OTCMKTS:SANP) Merges With Chongqing Yuhuan Technology Co

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The stock of Santo Mining Corp (OTCMKTS:SANP) closed at $0.00160 and maintained the same position in yesterday’s trading session. In the previous week, this company made an announcement regarding its move to sign a letter of Letter of Intent which might be paving way for it to strike a merge with Chongqing Yuhuan Technology Co. Ltd. If everything moves according to plan, Canoe Pool America will be the name of the new company resulting from the merger.

Franjose Yglesias, the CEO, opined, “Both companies complement each other in all the right places. During the next few weeks, we will be evaluating many aspects of this merger, including new directorships to guide the company into the future.”

Santo Mining Corp moving about its business as a Cathay Lifestyle Group, Inc takes pride in the fact that it has a wide diversity of luxury lifestyle products in the entertainment and leisure sector.

The portfolio of licensed brands is no mean achievement and it intends to lay down important strategies to help it uphold its relevance in the market. Some of its partners include golf clubs, membership clubs, nightclubs, lounges and duty Free Stores.

The Cathay Wines & Spirits of Asia, Cathay Cigars of Asia Corporation and Cathay Entertainment Services of Asia are the three subsidiaries operated by the company. In Asia, it involved itself in the delivery of social media and marketing cigar events solutions.

Basically, SANP works as PODWERKS which is a co-working space for cannabis entrepreneurs operating within the confines of the United States. It has been helping the various entrepreneurs to expand and continue their marijuana sale operations.

The great aspect about the whole matter is that the two companies might end up achieving quite much considering that they will be complementing each other in the right places.

In the coming week, the management has outlined that it will be evaluating a number of the aspects associated with the merger. Chongqing and SANP will be collaborating in pursuing growth opportunities surrounding the cryptocurrency hype in Asia. Before the end of the year, the mining company will already have started its first mining pods.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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