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SEC approves the application for confirmation of the valuation of shares of Kareila Management Corporation
In May 28, 2012, the Securities and Exchange Commission (SEC) approved the application of Puregold Price Club, Inc. (PGOLD) for the confirmation of the valuation of the 1,703,125 common shares in Kareila Management Corporation owned by Lucio L. Co, Susan P. Co, Ferdinand Vincent P. Co, Pamela Justine P. Co and Anthony G. Sy (collectively, the "Co Family") to be received by PGOLD in exchange for issuing a total of 766,406,250 common shares of PGOLD to the Co Family.
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