Posted On: 07/21/2015 2:52:55 PM
Post# of 1456
an 21, 2014
FutureWorld Energy, Inc. announces today that it has entered into a Letter of Intent to Acquire Torchlight Energy Inc. (a Wyoming Corporation). Torchlight Energy's assets consist of 2.8 Million tons of proven Coal reserves valued at $168M (at today's price of $60 per ton). We expect to close this acquisition shortly. Environmental consideration in managing these assets will be our outmost obligation. The details of the agreement are as follows; The Definitive Documents will provide for ‘TORCH’ sale at closing of its interest to FWDG for the following: The Company also has decided to give cash dividend to all its shareholders from the future gross cash flow of the current operations and beyond.
Has not happened
FutureWorld Energy, Inc. announces today that it has entered into a Letter of Intent to Acquire Torchlight Energy Inc. (a Wyoming Corporation). Torchlight Energy's assets consist of 2.8 Million tons of proven Coal reserves valued at $168M (at today's price of $60 per ton). We expect to close this acquisition shortly. Environmental consideration in managing these assets will be our outmost obligation. The details of the agreement are as follows; The Definitive Documents will provide for ‘TORCH’ sale at closing of its interest to FWDG for the following: The Company also has decided to give cash dividend to all its shareholders from the future gross cash flow of the current operations and beyond.
Has not happened
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