Nitro Petroleum Inc (NTRO) 0.1400 $NTRO
Core Resource Management Announces Effective Date of Merger Transaction
Marketwired - Mon Dec 29, 11:45AM CST
Core Resource Management, Inc. (OTCQB: CRMI) announces the acquisition of the outstanding equity securities of Nitro Petroleum has been become effective as of December 19, 2014, pending a shareholder meeting to be conducted in January. The approximately $14 million transaction was initially announced Sept. 4, 2014. Nitro shareholders will receive 10.5 shares for every 1 share of Core common stock. Beginning in 2014, Core had over $4 million in debt with under $2 million in assets. Today, assets have grown to over $13 million and debt has fallen to around $1.5 million. Late 2014 saw the acquisition of two private companies, Royal Petroleum and White Stone Resources, and the completion of the merger with Nitro Petroleum. These acquisitions were completed almost entirely with equity, keeping debt contained at the most efficient levels to operate and thrive in these current market conditions.
Core Resource Management Agrees to Acquire Working Interests in Oklahoma Oil and Gas Properties in All-Equity Deals
Marketwired - Mon Nov 24, 12:25PM CST
The Mission of Core Resource Management, Inc. (OTCQB: CRMI) ("Core" or the "Company"
to acquire and manage proven-producing wells and assets has been advanced once again. Just after assisting Nitro Petroleum, Inc. (NTRO) with the filing of a preliminary information statement with the SEC regarding Core's pending acquisition of Nitro, James Clark and Phillip Nuciola III have announced the pending acquisition by Core of several property interests from White Stone Resources, LP (White Stone) and Royal Energy Resources, Inc. (Royal). With the team of James Clark, CEO and Board Chairman Phillip Nuciola III, Core will acquire the oil and gas assets of both White Stone and Royal in exchange for equity of Core.
Core Resource Management Announces Effective Date of Merger Transaction
Marketwired - Mon Dec 29, 11:45AM CST
Core Resource Management, Inc. (OTCQB: CRMI) announces the acquisition of the outstanding equity securities of Nitro Petroleum has been become effective as of December 19, 2014, pending a shareholder meeting to be conducted in January. The approximately $14 million transaction was initially announced Sept. 4, 2014. Nitro shareholders will receive 10.5 shares for every 1 share of Core common stock. Beginning in 2014, Core had over $4 million in debt with under $2 million in assets. Today, assets have grown to over $13 million and debt has fallen to around $1.5 million. Late 2014 saw the acquisition of two private companies, Royal Petroleum and White Stone Resources, and the completion of the merger with Nitro Petroleum. These acquisitions were completed almost entirely with equity, keeping debt contained at the most efficient levels to operate and thrive in these current market conditions.
Core Resource Management Agrees to Acquire Working Interests in Oklahoma Oil and Gas Properties in All-Equity Deals
Marketwired - Mon Nov 24, 12:25PM CST
The Mission of Core Resource Management, Inc. (OTCQB: CRMI) ("Core" or the "Company"
to acquire and manage proven-producing wells and assets has been advanced once again. Just after assisting Nitro Petroleum, Inc. (NTRO) with the filing of a preliminary information statement with the SEC regarding Core's pending acquisition of Nitro, James Clark and Phillip Nuciola III have announced the pending acquisition by Core of several property interests from White Stone Resources, LP (White Stone) and Royal Energy Resources, Inc. (Royal). With the team of James Clark, CEO and Board Chairman Phillip Nuciola III, Core will acquire the oil and gas assets of both White Stone and Royal in exchange for equity of Core. 
