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LA-based Pangea Pictures merges with Direct Response Media

Los Angeles-based technology and production company Pangea Pictures Corporation and South Carolina's Direct Response Media announced today [April 2] the status of a share-for-share exchange.The transaction is expected to be complete by Apr 15. In conjunction with the transaction, Direct Response Media undertook a 1-for-3 reverse split which was effective in the marketplace on Mar 31.Direct Response will issue 28,236,387 shares of its common stock to acquire all ...

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