$XFLS News: Cycle Energy Industries signs purchase
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Posted On: 07/14/2020 9:10:01 AM
$XFLS News: Cycle Energy Industries signs purchase agreement for 100% of the issued and outstanding shares of Harvest Petroleum Inc
Calgary, Alberta, Canada -- July 14, 2020 -- InvestorsHub NewsWire -- Cycle Energy Industries Inc. (OTC: XFLS)The purchase agreement states Cycle will purchase all of the issued and outstanding shares of Harvest Petroleum Inc. for an aggregate value of $US1,000,000.00 with a combination of cash, common stock and preferred shares.
As part of the transaction Mr. Robert Harvey will join the board of directors of Cycle Energy Industries Inc.
Cycle Energy’s CEO Mr. Michael McLaren states, “The purchase of Harvest Petroleum is a strategic acquisition for Cycle as we aggressively move forward into the US market having a trusted partner as well as an officer of our company.” Mr. Michael McLaren further stated “Cycle Energy is excited for Harvest to be part of our group. This purchase will instill greater drive and motivation into Cycle’s expanding assets in the oil and gas, oil and gas services, and field proven Cycle Energy technologies.”
https://ih.advfn.com/stock-market/USOTC/xfuel...-petroleum
Calgary, Alberta, Canada -- July 14, 2020 -- InvestorsHub NewsWire -- Cycle Energy Industries Inc. (OTC: XFLS)The purchase agreement states Cycle will purchase all of the issued and outstanding shares of Harvest Petroleum Inc. for an aggregate value of $US1,000,000.00 with a combination of cash, common stock and preferred shares.
As part of the transaction Mr. Robert Harvey will join the board of directors of Cycle Energy Industries Inc.
Cycle Energy’s CEO Mr. Michael McLaren states, “The purchase of Harvest Petroleum is a strategic acquisition for Cycle as we aggressively move forward into the US market having a trusted partner as well as an officer of our company.” Mr. Michael McLaren further stated “Cycle Energy is excited for Harvest to be part of our group. This purchase will instill greater drive and motivation into Cycle’s expanding assets in the oil and gas, oil and gas services, and field proven Cycle Energy technologies.”
https://ih.advfn.com/stock-market/USOTC/xfuel...-petroleum
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