The closing of the sale is subject to (i) the completion of satisfactory due diligence by each party of the other, (ii) waiver by holders of
If this purchase is completed, CLNG will own approximately 53% of
Additional information about the transaction will be available in a Current Report on Form 8-K that will be filed with the
CLNG's three core areas are: Traditional Energy, Green/Renewable Energy with a Carbon Footprint Reduction mission and Non-Ferrous Metal/Natural Resources. Their holistic approach to energy includes being a leader in the development and implantation of applied PM 2.5 mass scale removal technologies.
CLNG has had no prior business relationship with the Company and, to the Company's knowledge, does not currently own any of the Company's securities.
Forward Looking Statements
This News Release contains "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "plan," "project," "anticipate," "estimate," "believe," or "think." Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements.
In particular, there can be no assurance that the Company's due diligence of CLNG will be acceptable to the Company, that CLNG's due diligence of the Company will be acceptable to CLNG, or that the stock purchase agreement will close. Investors should carefully review the risk factor disclosure and other information, including the Company's financial statements and the notes thereto, set forth in the reports and other documents the Company files with the
We assume no duty to update or revise our forward-looking statements based on changes in plans or expectations or otherwise.
President and Chief Executive Officer
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