HOUSTON–(BUSINESS WIRE)–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/