LVDGLas Vegas Discount Golf and Tennis, Inc. (Colorado)
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A planned merger between SAGC and LVDG has been cancelled by the Board of Directors of both companies.
Each of the 1 million common shares and 500,000 Class A convertible preferred shares of SAGC which are not owned by LVDG are to receive 2.
Included in the sale are some 42 franchise stores owned by SAGC; three company-owned stores of LVDG that operate in California; and all the related trademarks and licenses required to continue to operate under the name "Las Vegas Discount Golf and Tennis.