Scandoil  

Core Resource to acquire Nitro Petroleum in an all-stock deal


Published Aug 8, 2014
Core Resource Management, Inc.

Core Resource Management, Inc. has entered into a Preliminary Agreement to acquire NITRO Petroleum, Inc. (NITRO), that holds undervalued drilling prospects in the mid-continent region of the United States.

NTRO and CRMI have signed an Exclusivity agreement governing the stand-still period during the time prior to closing and pending regulatory approval.

The agreement stipulates that CRMI will fund the purchase of NTRO Capital Stock with CRMI shares. The merger will be transacted through a wholly owned subsidiary of CRMI, with NTRO becoming a wholly owned subsidiary of CRMI.

Tags: Core Resource Management, Nitro Petroleum




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml