Advanced Deposition Technologies Announces the Signing of Stock Exchange and Reorganization Agreement
TOKYO, JAPAN / ACCESSWIRE / January 20, 2016 / Advanced Deposition Technologies, Inc. (OTC Pink: ADTC) announces the signing of a Stock Exchange and Reorganization Agreement to acquire Tahou Natural Resource Development, Ltd ("Tahou Resources") as a wholly owned subsidiary of ADTC.
The Agreement calls for ADTC to change its name to The Great Tahou Holdings, Ltd, and to issue 300 million ADTC common restricted shares in exchange for 100% of the issued and outstanding shares of Tahou Resources. The board and a voting majority of the ADTC stock have authorized the ADTC officers to amend the ADTC Articles to reflect the name change of ADTC, increase the authorized common and preferred shares to 800 million and 200 respectively, change the par value of both classes of stock to $.001, and to issue the above mentioned shares to complete the Tahou Resources share exchange and acquisition.
Tahou Resources is located at 2-13-3 Tsukishima Chuo-Ku Tokyo Japan and owns a land parcel located in Atsuma-cho, Yufutsu-Gun, Iburino-Kuni, Tomakomai, Hokkaido Japan, which includes more than 743 acres believed to have accessible oil and gas reserves. Tahou Resources has filed registration for prospecting, exploration and development rights and is moving to contract with a third party to develop the anticipated oil and gas assets. There are no assurances that the parties will be successful in locating the targeted oil and gas reserves.
Notice Regarding Forward-Looking Statements:
This news release may contain "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Statements in this press release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed such as sales and the timelines within which such items may be accomplished. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.
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SOURCE: Advanced Deposition Technologies, Inc.
(January 20, 2016 - 4:11 PM EST)
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