BayHill Capital Corporation Announces Execution of Letter of Intent to Merge With Yonder Media, Inc. to Build Internet Commerce Platforms for Rural Markets
SOUTH JORDAN, UT--(Marketwire - September 30, 2009) - BayHill Capital Corporation ("BayHill")
(OTCBB: BYHL), today announced the execution of a letter of intent (LOI) to
merge with Yonder Media, Inc. ("Yonder Media"), a leading provider of
wireless broadband access exclusively for rural communities. Under the
merger agreement BayHill will issue shares of its common stock for all of
the issued and outstanding stock of Yonder Media. It is anticipated that
the current BayHill shareholders will own between 33% and 40% of the common
stock of BayHill following the transaction and prior to required additional
fund-raising. The merger will be effected concurrent with fund-raising
that will finance Yonder Media's next phase of expansion, which will
include both the acquisition of community-specific wireless broadband
suppliers, and the expansion of Yonder Media's operations in targeted
communities that currently lack a viable
September 30, 2009 | Filed Under
Mergers and Acquisitions Comments