Business Services Industry
Strategy International Announces Infusion of $100 Million in New Capital.
Canadian Corporate News, January, 2006
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TORONTO, ONTARIO, Jan 17, 2006 (CCNMatthews via COMTEX) -- Strategy International Insurance Group, Inc. (OTCBB:SGYI), which through a wholly-owned subsidiary, is a provider of specialty lines of insurance, reinsurance and structured risk underwriting focusing on credit risk and credit enhancement, announced today that the company has signed a binding letter of intent with Nexxus One Holding, Ltd. who will provide $100 million in new capital for Strategy by January 31, 2006.
Under the terms of the letter, in exchange for 103,000,000 million of Strategy's common stock, Nexxus One ...
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