High End Ventures, Inc. was incorporated in Colorado on January 19, 1999.
On October 27, 2005, we commenced the business of exploring for precious metals. We conducted initial exploration on our sole property, the Don Mineral Claim, located in the Victoria Mining District, British Columbia, Canada, to determine whether the claim contained economically recoverable reserves of gold, molybdenum, and/or copper. Since our early efforts did not identify any economically recoverable mineral reserves we abandoned further exploration efforts and entered into a Finder's Fee Agreement with Valor Invest Ltd. ("Valor") dated September 15, 2006, for the purpose of assisting us in finding a suitable business opportunity. Valor subsequently introduced us to The Electrolinks Corporation.
Electrolinks was formed in Ontario, Canada on March 24, 2004 as a development stage company focused on becoming a Full Service Broadband over Power Line ("BPL") based telecommunications integrator that intends to offer "Smart Grid" BPL products from various vendors to electrical utilities and to buildings with multiple dwelling units. BPL is a technology that delivers high-speed data over existing electric power delivery networks and is an alternative means of providing high-speed Internet access, voice over Internet Protocol ("VOIP"), and other broadband services, using existing medium and low-voltage power lines to reach customers' homes and businesses.
On October 23, 2006, we executed a Securities Exchange Agreement and Plan of Exchange to acquire 100% of the outstanding ownership of Electrolinks. However, due to certain legal considerations relevant to the structure of the anticipated transaction the parties mutually agreed not to proceed with the agreement. On September 18, 2007, the Company and Electrolinks executed a Business Combination Agreement and an Amalgamation Agreement in order to transact the acquisition of Electrolinks through the amalgamation of Power Grid Networks Ltd. ("Power Grid") (a wholly owned subsidiary of the Company) and Electrolinks.
On October 27, 2005, we commenced the business of exploring for precious metals. We conducted initial exploration on our sole property, the Don Mineral Claim, located in the Victoria Mining District, British Columbia, Canada, to determine whether the claim contained economically recoverable reserves of gold, molybdenum, and/or copper. Since our early efforts did not identify any economically recoverable mineral reserves we abandoned further exploration efforts and entered into a Finder's Fee Agreement with Valor Invest Ltd. ("Valor") dated September 15, 2006, for the purpose of assisting us in finding a suitable business opportunity. Valor subsequently introduced us to The Electrolinks Corporation.
Electrolinks was formed in Ontario, Canada on March 24, 2004 as a development stage company focused on becoming a Full Service Broadband over Power Line ("BPL") based telecommunications integrator that intends to offer "Smart Grid" BPL products from various vendors to electrical utilities and to buildings with multiple dwelling units. BPL is a technology that delivers high-speed data over existing electric power delivery networks and is an alternative means of providing high-speed Internet access, voice over Internet Protocol ("VOIP"), and other broadband services, using existing medium and low-voltage power lines to reach customers' homes and businesses.
On October 23, 2006, we executed a Securities Exchange Agreement and Plan of Exchange to acquire 100% of the outstanding ownership of Electrolinks. However, due to certain legal considerations relevant to the structure of the anticipated transaction the parties mutually agreed not to proceed with the agreement. On September 18, 2007, the Company and Electrolinks executed a Business Combination Agreement and an Amalgamation Agreement in order to transact the acquisition of Electrolinks through the amalgamation of Power Grid Networks Ltd. ("Power Grid") (a wholly owned subsidiary of the Company) and Electrolinks.
