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XR Energy enters completion phase of acquisition of producing oil assets


Published Apr 28, 2014
XR Energy, Inc.

XR Energy, Inc. announce that the acquisition of 100% of the Common Shares of XR of Texas, LLC., (XRT) making XR of Texas, LLC a wholly owned subsidiary of XR Energy, Inc. is about complete and all closing documents should be completed by the end of the month, April 30, 2014.

The Company has now appointed the new board and the executive management team is now in place to move this project forward. XRT owns various Oil assets in the State of Texas.

This acquisition was entered into on March 11, 2014 and announced with a 8K filing on March 24, 2014 in accordance with the Plan of Acquisition that the Company entered into on December 18, 2013 and announced with a 8K filing on December 24, 2013, the Company's intent to acquire these assets.

Tags: Inc., XR Energy




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