Glendive Investments acquired 81.82% stake in Rainbow Coral Corp. (OTCBB:RBCC) for $0.01 million from Lou Foxwell in cash on October 13, 2011. In connection with the transaction, Foxwell resigned as Chief Executive Officer and as Director and Patrick Brown was appointed as Chief Executive Officer and sole Director of Rainbow Coral. Glendive Investments completed the acquisition of 81.82% stake in Rainbow Coral Corp. (OTCBB:RBCC) from Lou Foxwell on October 13, 2011.