(Total Views: 185)
Posted On: 05/15/2020 10:18:34 AM
Post# of 89606
$ANTGF
Advantagewon Oil Corp., (CSE: AOC), (OTC Pink: ANTGF), (the "Corporation", "Advantagewon", "AOC"
announced today that it had entered into a Letter of Intent ("LOI" to acquire Groundstar Resources Limited ("GRL". The Corporation expects to enter into a Definitive Agreement ("DA" with GRL within the next 90 days.
GRL has approximately $30,000,000 CDN in accumulated tax losses and the acquisition of these losses will allow AOC to defer a significant amount of income tax when it enters a taxable position. The purchase price for the tax losses will be $335,000 CDN subject to certain adjustments and will be paid for via the issuance of stock of AOC.
Advantagewon Oil Corp., (CSE: AOC), (OTC Pink: ANTGF), (the "Corporation", "Advantagewon", "AOC"
announced today that it had entered into a Letter of Intent ("LOI" to acquire Groundstar Resources Limited ("GRL". The Corporation expects to enter into a Definitive Agreement ("DA" with GRL within the next 90 days. GRL has approximately $30,000,000 CDN in accumulated tax losses and the acquisition of these losses will allow AOC to defer a significant amount of income tax when it enters a taxable position. The purchase price for the tax losses will be $335,000 CDN subject to certain adjustments and will be paid for via the issuance of stock of AOC.
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