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Siltex Resources Inc

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BUSINESS
December 22, 1993
Belcor Inc., an Irvine-based resources company, said it has approved a merger with privately owned SilTex Resources Inc. in an all-stock transaction. The companies said the deal is expected to include the issuance of 9 million Belcor shares, 66% of the shares outstanding, to SilTex owners. The deal is subject to Belcor shareholder approval. Belcor President Mark S. Isaacs owns 70% of SilTex. He obtained the ownership position before becoming president of Belcor, the companies said.
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BUSINESS
December 22, 1993
Belcor Inc., an Irvine-based resources company, said it has approved a merger with privately owned SilTex Resources Inc. in an all-stock transaction. The companies said the deal is expected to include the issuance of 9 million Belcor shares, 66% of the shares outstanding, to SilTex owners. The deal is subject to Belcor shareholder approval. Belcor President Mark S. Isaacs owns 70% of SilTex. He obtained the ownership position before becoming president of Belcor, the companies said.
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