Turner Valley Oil & Gas Announces Insider Purchases & Enters Into Negotiations With Creditors
Turner Valley Oil & Gas, Inc. (OTC:TVOG)
(“Turner Valley” or “the Company”) is pleased to announce the
advancement of the M&A program as it completes required steps to prepare
the Company for the upcoming expansion of its business holding model and
related corporate changes.
To date the Company successfully brought its status with Nevada State
and OTC Markets current. Now management anticipates several corporate
changes including a potential name change, an authorized shares increase
to allow for issuing equity for mergers & acquisitions (M&A) and
investment as well as the creation of a preferred stock class in order
to minimize long term dilution of the common stock of the Company.
To fund these expenses, CEO Steve Helm invested an initial $10,000 and
then an additional $2,500 through purchasing shares in the Company’s
common stock. These insider purchases have been filed with the OTC
Markets and can be found here: http://www.otcmarkets.com/stock/TVOG/filings.
The Company previously announced that it has received indications of
interest and started Letter Of Intent negotiations from several private
operating businesses to be potentially acquired or reverse merged into
the company. To prepare, the Company started negotiations with its
creditors to come to terms on a settlement in order to shore up the
balance sheet in preparation for M&A.
About Turner Valley Oil & Gas, Inc.
Turner Valley Oil & Gas, Inc. (OTC:TVOG)
is a holding company based out of Houston, Texas, with a historical
focus on energy related holdings. The Company’s acquisition model is
focused on finding and evaluating profitable small to mid-sized
businesses as merger & acquisition candidates where cash flow can be
improved through its buy, build & bolt-on model. The Company is focused
on sectors in real estate, construction, technology, environmental,
energy, beverage, distribution, entertainment and related businesses.
OTC Markets Profile: http://www.otcmarkets.com/stock/TVOG/profile
Certain statements in this press release are forward-looking and involve
a number of risks and uncertainties. Such forward-looking statements are
within the meaning of that term in Section 27A of the Securities Act of
1933, as amended and Section 21E of the Securities Exchange Act of 1934,
as amended. Full Disclaimer here: http://turnervalleyoilandgas.com/disclaimer/
View source version on businesswire.com: http://www.businesswire.com/news/home/20160314005700/en/
Copyright Business Wire 2016
Source: Business Wire
(March 14, 2016 - 9:30 AM EDT)
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