Arete Industries Inc (ARET) 0.1175 $ARET Arete
Post# of 273242
Posted On: 09/19/2016 9:01:05 AM
Arete Industries Inc (ARET) 0.1175 $ARET
Arete Industries, Inc. Announces Entry Into a Definitive Purchase and Sale Agreement
Marketwired - Thu Dec 03, 4:56PM CST
Arête Industries, Inc. (OTC PINK: ARET) (the "Company" or "Arete"
announced today that it entered into a definitive purchase and sale agreement (the "Purchase and Sale Agreement" with an unaffiliated company, whereby Arête will purchase certain assets in producing oil and leases located in Sumner County, Kansas and Kimball County, Nebraska (collectively the "Properties" and individually the "Padgett Properties" and the "Nebraska Properties," respectively). The Company will acquire 51% of seller's interest in the Padgett Properties and will acquire 100% of the seller's interest in the Nebraska Properties for consideration of United States One Million One Hundred Thousand Dollars (USD$1,100,000) and One Million shares (1,000,000) of Arête restricted common stock. The Company anticipates the closing of this Purchase and Sale Agreement to occur by the end of 2015.
Arete Industries, Inc. Announces Entry Into a Definitive Purchase and Sale Agreement
Marketwired - Thu Dec 03, 4:56PM CST
Arête Industries, Inc. (OTC PINK: ARET) (the "Company" or "Arete"
announced today that it entered into a definitive purchase and sale agreement (the "Purchase and Sale Agreement" with an unaffiliated company, whereby Arête will purchase certain assets in producing oil and leases located in Sumner County, Kansas and Kimball County, Nebraska (collectively the "Properties" and individually the "Padgett Properties" and the "Nebraska Properties," respectively). The Company will acquire 51% of seller's interest in the Padgett Properties and will acquire 100% of the seller's interest in the Nebraska Properties for consideration of United States One Million One Hundred Thousand Dollars (USD$1,100,000) and One Million shares (1,000,000) of Arête restricted common stock. The Company anticipates the closing of this Purchase and Sale Agreement to occur by the end of 2015. 
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