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Excaliber Enterprises, Ltd. (&#147;<i>Excaliber</i>&#148;), a publicly-held company (formerly OTCBB: EXCA) was incorporated under the laws of the State of Nevada on October 6, 2005. Pursuant to a strategic merger transaction on May 11, 2011, Excaliber acquired all outstanding shares of VistaGen California in exchange for 6,836,452 shares of the Company&#146;s common stock and assumed all of VistaGen California&#146;s pre-Merger obligations (the &#147;<i>Merger</i>&#148;). 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