Mazzal Holding Corp. (OTCPK:MZZL) acquired Global ITS, Inc. from Lone Cypress LLC and others for $6 million in stock on October 26, 2015. Mazzal issued 120 million shares at $0.050 per share. Mazzal acquired 24 million shares of Global. As of September 30, 2015, Global ITS reported total assets of $0.005 million and shareholder deficit of $1527. The transaction has been approved by the Board of Directors of both the companies. Deal is subject to due diligence and regulatory approval and approval of Mazzal Holding's shareholders. C. Parkinson Lloyd of Kirton & McConkie, PC acted as legal advisor to Mazzal Holding Corp. (OTCPK:MZZL).


Mazzal Holding Corp. (OTCPK:MZZL) completed the acquisition of Global ITS, Inc. from Lone Cypress LLC and others on October 26, 2015.