Horizon Minerals Corp. Announces the Entry Into a Letter of Intent with Boomchat Inc.
March 18 2014 - 7:00AM
Marketwired
Horizon Minerals Corp. Announces the Entry Into a Letter of Intent
with Boomchat Inc.
LAS VEGAS, NEVADA--(Marketwired - Mar 18, 2014) - Horizon
Minerals Corp., (the "Company") (OTCBB:HZNM) announces that it has
signed a Letter of Intent with Boomchat Inc. (the "Boomchat"). The
proposed transaction will take the form of a share exchange,
whereby the Company will acquire all issued and outstanding shares
of Boomchat for 36,000,000 shares of the Common Stock of the
Company. In addition to the share exchange, the Company agreed to
pay to Boomchat a total of $250,000 in three installments over the
60-day period from the date of the Definitive Agreement. Upon
conclusion of the transaction, Boomchat will become a wholly owned
subsidiary of the Company.
In addition, Robert Fedun, the Company's sole executive officer
and director, will resign as a director of the Company, and Robert
Coleridge, will be appointed as Chief Executive Officer and as a
director of the Company.
The entry into a Definitive Agreement will be conditional upon
satisfactory results of the due diligence that both companies
agreed to complete by March 30, 2014.
Boomchat Inc. is a private Nevada corporation that provides
technology solutions to smartphone users world wide. Boomchat's
private image and video sharing solution is based on a newly
developed scripting engine that can be deployed on multiple
platforms, furthermore, it is written for secured cloud servers and
can be deployed worldwide. The system will be available for
download as an application that can be installed on majority of
smartphones and will enable its users to share private media on
demand and distribute it to controlled lists of recipients for
pre-set time only.
Boomchat plans to launch its application initially in China and
rest of Asia following by North and South Americas
About Horizon Minerals
Corp.:
Horizon Minerals Corp. is a development stage corporation with
no current operations. The Company was incorporated under the laws
of the State of Delaware on May 11, 2011, with the intent to
develop an anti-theft vehicle ignition system, for which the
Company acquired certain patents and other intellectual property.
On March 25, 2013, the Company changed its name from Safe Dynamics
Corp. to Horizon Minerals Corp., with the intent to enter the gold
and mineral mining industry.
On behalf of the Board of
Directors,
Robert Fedun, President and
CEO
Forward Looking Statements
This press release contains
forward-looking statements. Forward-looking statements are subject
to risks, uncertainties and assumptions and are identified by words
such as "expects", "intends", "estimates", "projects",
"anticipates", "believes", "could", and other similar words. All
statements addressing product performance, events, or developments
that Horizon Minerals Corp. expects or anticipates will occur in
the future are forward-looking statements. Because the statements
are forward-looking, they should be evaluated in light of important
risk factors and uncertainties, some of which are described in
Horizon Minerals Corp's Quarterly and Annual Reports filed with the
United States Securities and Exchange Commission (the "SEC").
Should one or more of these risks or uncertainties materialize, or
should any of Horizon Minerals Corp's underlying assumptions prove
incorrect, actual results may vary materially from those currently
anticipated. In addition, undue reliance should not be placed on
Horizon Minerals Corp's forward-looking statements. Except as
required by law, Horizon Minerals Corp. disclaims any obligation to
update or publicly announce any revisions to any of the
forward-looking statements contained in this press release. There
can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. No stock exchange, securities
commission or other regulatory body has reviewed nor accepts
responsibility for the adequacy or accuracy of this release.
Investors are advised to carefully review the reports and documents
that Horizon Minerals Corp. files from time to time with the SEC,
including its Annual, Quarterly and Current Reports.
Horizon Minerals Corp.Robert Fedun587-984-2321
Horizon Minerals (CE) (USOTC:HZNM)
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