Coqui Radio Pharmaceuticals, Corp. agreed to acquire 99% stake in Smsa Crane Acquisition Corp. (OTCPK:SSCR) from Carolyn Shelton and Halter Financial Investments L.P., Investment Arm for $0.28 million on August 29, 2013.

Coqui Radio Pharmaceuticals closed on the purchase of 9.5 million shares on September 16, 2013. Because of the delay in transfer of 0.4 million shares of Smsa Crane's common stock, $0.05 million of $0.28 million remains in escrow pending delivery of the stock certificate. An amendment to the escrow agreement provides that if the certificate is not delivered to Coqui Radio by November 15, 2013, Coqui Radio may request return of $0.05 million which is being held in escrow.

In connection with the transaction, Carolyn Shelton resigned as Chief Executive Officer, President, Secretary and Chief Financial Officer of Smsa Crane and Alberto Burckhart has been appointed to fill these positions. In addition, Alberto Burckhart was appointed to the Board of Directors of Smsa Crane.