03:50 PM EST - Destiny Resource Services Corp. : said that it has closed the merger with Logan Holdings Inc. Under the closing, Destiny issued 27.27 million shares to acquire Logan Holdings Inc., and its wholly-owned operating companies, Logan Oil Tools and Dennis Tool Company. Further, Destiny said it plans to change its name at its upcoming May 13, 2010 meeting of shareholders to Logan International Ltd. Destiny Resource Services Corp.
shares T.DSC are trading down $0.44 at $5.00.
