TORONTO, April 19 /CNW/ - RAP Acquisition Corp. ("RAP" NEX: RAP.H)
announces that it has assigned a secured promissory note (the "Note")
and related security to Roger E. Block in exchange for US$402,671.23
(representing US$400,000 plus accrued interest).
The Note was originally issued to RAP on June 17, 2010 by Block Capital
Partners LLC, a Minnesota limited liability company ("BCP"), in the
original principal amount of US$650,000 as partial consideration for
BCP's purchase of RAP's sole operating subsidiary. Roger E. Block is
the principal shareholder of BCP.
RAP is a corporation governed by the policies of the Exchange and listed
on the NEX. RAP's current business is the identification and evaluation
of assets or businesses with a view to completing a business
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE RAP Acquisition Corp.
For further information:
Ronald Schmeichel, Director of RAP Acquisition Corp. at 416-972-6574